KARACHI: The Pakistan Stock Exchange (PSX) Monday opened positive by gaining 79.69 points to reach 33160.09 points in early trading.
Last week, the stock market remained range bound due to profit-taking. During the week, foreigners turned net sellers with net selling of $7.7 million versus net inflows of $4.1 million recorded. On a sector level, General Industrials, Pharma & Bio Tech and Travel & Leisure were among major gainers as they rose in the range of 4.1-7.0 percent. Major losers were Chemicals, which declined 2.6 percent and Food Producers, which fell 2.0 percent. Major buying was seen in Cement sector with net buying of $6.5 million, whereas net selling was seen in Chemicals with selling of $6.6 million.
