KARACHI: The Pakistan Stock Exchange Tuesday opened with positive note and gained 173 points to reach 36407 points level in early trading.
On Monday, the stocks remained bearish as the benchmark 100-share index declined by 459.57 points (1.25%) to close at 36234.69 points. Volumes increased by 3% to 205m shares while value decreased by 2% to Rs 9.1 billion. Institutional support remained in cement and textile stocks on proposals for over Rs1.675 trillion development plans and exports growth package. Foreign outflows and concerns for likely higher taxes on corporate sector played a catalyst role in bearish close in the pre-budget session at PSX.