KARACHI: The Pakistan Stock Exchange (PSX) Thursday opened positive after adding 83 points to reach 40746 points level in early trading.
Yesterday, the stocks continued to bleed on third consecutive day as the benchmark 100-share index declined by 281 points and closed at 40,663 points. The index has lost 773 points during three consecutive sessions.
At opening, the KSE-100 carried previous day’s negative momentum. ENGRO only shed 2.2% after opening at lower circuit. Further, int’l oil prices shed $1.5 overnight as IEA lowered its demand forecast; subsequently pressure was witnessed in E&Ps.
Worst index point performers were HBL (down 1.6%), OGDC (2.4%), ENGRO (2.2%), MCB (2.4%) & PPL (1.1%), withholding 227 points while MARI (up 3.4%), PAKT (5%), COLG (4.9%), SNGP (1.3%) & BAHL (0.9%) added 64 points to the index. Foreign were net sellers of $5.1m, selling was concentrated in banks ($2.8m), Fertilizer ($2.1m) & cement ($1.2m).
