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Home Markets

Stocks open lower

byMatiur Rehman
10/03/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Thursday opened negative and shed 19.87 points to reach 32938.11 points level in early trading.

On Wednesday, the PSE amid global stocks rout and fall in crude prices as the benchmark 100-share index lost 74.87 points (0.23%) to close at 32,957.98 points. After closing in the green for the last 10 trading sessions (and gaining ~8%), the market took a breather yesterday as investors closed out their positions, dealers said. Traded volume decreased 5.5% to 204m shares and traded value decreased 21% to Rs9.0b. Out of total 327 active companies, 178 closed in advance, 132 in decline while 17 remained unchanged.

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