KARACHI: The Pakistan stocks opened positive on Monday as the benchmark added 72 points to reach historic 41913.13 points level in early trading.
On Friday, the institutional profit-taking halted upwards journey of Pakistan Stock Exchange. The benchmark 100-share index lost 133 points and closed at 41,841.56 points. Market witnessed profit-taking on the back of uncertainty in the global political situation ahead of an expected close US election. E&P sector remained under pressure on the back of decline in crude oil prices. Crude oil prices plummeted to five-week low, below $45, in the international market. POL (down 0.88%) and OGDC (0.17%) were the major laggards of the aforementioned sector. Traded volume deceased to 451m shares compared to 529m shares of the previous day, while traded value also declined to Rs15.2b/$145m.
