KARACHI: The Pakistan Stock Exchange Thursday opened on positive note and gained 80 points to reach 45493 points level in early trading.
On Wednesday, stock market continued to show volatility as the benchmark KSE-100 index fluctuated between low 241 points and high 964 points to close at 45,413.42 level, up 19.13 points.
Investors were busy repositioning their portfolios evident by the sector specific movements; losers were Engineering (-4.3pc), Refinery (-3.9pc), Cable & Electrical (-3.8pc), Auto Assembler (-3.3pc), Cement (-1.6pc), Pharma (-1.4pc); as they likely believe rupee depreciation may spike raw material costs (finished imports would also become costlier & those with pricing power would pass thru).
Participation further improved as volumes gained 7 percent to 204 million shares, while traded value climbed 29 percent to Rs12.5 billion/$119.2 million.
