KARACHI: The Pakistan Stock Exchange Monday opened negative and shed 58 points to drop to 39093 points level in early trading.
Last week, the index declined 0.1 percent close at 39,151 index level. Average daily volumes witnessed a 7 percent rise, with volumes clocking in at 207.1mn shares, on the other hand, average daily values fell 8 percent, to Rs13.2 billion. Amongst the major sectors, Oil & Gas Marketing, Automobile and Power Generation & Distribution were up 3.5 percent, 3.4 percent and 1.8 percent, respectively. On the contrary, Tobacco, Oil & Gas Exploration and Fertilizer were down, 5.3 percent, 1.6 percent and 1.2 percent, respectively. Commercial Banks remained flat, over the past week.
Foreigners were net sellers of $11.5mn worth of shares this week. Banks attracted the highest interest with net buying of $9.5m, whereas, Oil & Gas Exploration and Chemicals had net outflow of $17.2m and $14.0m, respectively.
