KARACHI: The Pakistan Stock Exchange Wednesday opened keeping previous day’s bearish trend and shed 68 points to reach 41048 points level in early trading.
On Tuesday, bear-run continued at the PSE as the KSE 100-share index shed another 903 points and closed at 41,116 points. It is market’s worst performance since 21st August, when KSE-100 officially plunged into bear market having shed 20% from peak (-22% now).
Top 10 index point decliners were HBL (down 2.8%), LUCK (5%), ENGRO (3.9%), PPL (3.1%), SNGP (5%), OGDC (2.2%), DGKC (5%), FFC (2.4%), DAWH (3%) & FCCL (5%); withholding 458 points. Banks shed 160 points, fertilizer 155 points, E&Ps 90 points & OMCs 80 points.
Traded daily volumes rose by 36% DoD to 121m shares. Likewise, average traded value clocked in at Rs6.7b, up by 68% DoD. Scrips of total 392 active companies were traded in the session of which 328 concluded in negative, only 51 in positive while 13 remained unchanged.
