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Home Breaking News

Stocks open with negative note

byMatiur Rehman
15/03/2016
in Breaking News, Latest News, Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened with negative note and shed 30.47 points to drop to 32708.09 points level in early trading.

On Monday, the stocks showed recovery amid bull-run in global equities. The benchmark 100-share index rose 69.40 points to close at 32,738.56 points. Major triggers were absent in yesterday’s trading session. Index closed up by only 0.2% due to profit taking, dealers said. Engro Foods (EFOODS) continued to attract attention as investors are anticipating a deal price higher than the current stock price. Resultantly, the stock closed at its upper limit (up 5%). Upside was also witnessed in Engro Corporation (ENGRO), which increased 2.0%.

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