KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened bullish amid volatility as the benchmark 100-index added 33 points to reach 40065 level in early trading.
Yesterday, the KSE 100-index remained under pressure and ended up extending losses from the previous session, closing down 216 points at 40,032 points over concerns on the ongoing political environment in the country.
Major laggards remained heavyweight HUBC (down 2.99%), ENGRO (2.76%) and OGDC (1.25%), which detracted 112 points from the index. Major contributors to the index were UBL that added 29 points, PAKT 20 points, NESTLE 19 points, TRG 17 points and KEL that added 14 points to the index gain.
On the contrary, scrips that contributed negatively included HUBC that shed 43 points, ENGRO that eroded 43 points, OGDC that detracted 26 points, HBL that shed 23 points and DAWH that took away 22 points from the index.
E&P sector closed in the red where POL (down 1.05%), PPL (down 0.88%) and OGDC (1.25%) were the major laggards in the sector as oil prices slipped on prospects for increased output globally.
Volume was largely driven by KEL, TRG, WTL, ANL and DSL which contributed 60% of total market volume. Institutional investors were observed taking positions in KEL.
