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Stocks open recouping 201pts in early trading

byMatiur Rehman
21/11/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) opened recouping some losses and gained 201 points to reach 40517 points level on Tuesday.

The stocks started new week with negative sentiments on Monday as the benchmark KSE 100-index opened positive but remained under pressure throughout the day to finally close at 40,317 points after shedding 527 points.

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Top index point performers were PAKT (up 5%), PMPK (5%), CPPL (3%), SNBL (1.9%) & THALL (0.5%), contributing 32 points to the index while PSO (down 3.2%), NESTLE (5%), ENGRO (1.5%), MARI (2.8%) & POL (1.4%) withheld 125 points from the shares index.

On the sector front; OMCs took away 82 points, while E&P further eroded 65 points and commercial banks withheld 63 points while on the flip side tobacco added 25 points. Market participation remained restricted to 94m shares as compared to 116m in the last trading day owing to lack of triggers and political instability.

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