KARACHI: The Pakistan Stock Exchange on Thursday started keeping previous day’s bearish note and shed another 151 points to reach 45327 level in early trading.
On Wednesday, the PSX showed decline of 323 points or 0.7 percent as investors remained reluctant to trading. Banking sector remained laggard yesterday and eroded 103 points from index (as market is expecting decline in their quarterly results) followed by E&Ps (49pts) and cement (46pts). Total market participation in terms of volumes went up by 6 percent, while value enhanced by 11 percent.
Top 5 scrips including ABOT (+3.9 percent), DAWH (+1.2 percent), EFERT (+1.2 percent), BAFL (+1.6 percent) & APL (+2.3 percent) added 49 points to the index whereas stocks including HBL (-3.2 percent), LUCK (-1.3 percent), PSEL (-4.3 percent), ENGRO (-1.1 percent) & DGKC (-2.7 percent) withheld 181 points from the index gain. Altern energy (ALTN) posted earnings of Rs1.34 per share for 3QFY18 vs loss of Rs0.07/share last year, due to increase in revenue by 124 percent YoY to Rs8.3b and decrease in finance cost by 55 percent YoY.
