KARACHI: The Pakistan Stock Exchange Tuesday opened positive and gained 292 points to reach 52430 points level in early trading.
On Monday, the stocks closed bearish amid institutional profit-taking, the bench mark shares index lost 498 points in the first session post budget and closed at 52,138.90 level.
Laggers on the index were HBL (slip 2.2pc), LUCK (2.8pc), UBL (2.6pc), DAWH (2.7pc) & PAEL (3.9pc), with negative contribution of 273points, while OGDC (gain 0.8pc), SNGP (1.6pc), MARI (1.6pc), HUBC (0.5pc) and PSMC (1.4pc) supported the index by adding 62 points. On the sector front, Banks eroded 202 points; Cement 126 points and Fertiliser 47 points; while E&P’s added 24 points and Power added 15 points.
Market participation slumped with volumes falling 53 percent d/d to 203 million shares, while traded value fell 37 percent to Rs13 billion/$124 million. Power Cement was today’s volume leader with 23 million traded shares. Scrips of total 375 active companies traded in the session of which 105 concluded in advance, 258 in decline while 12 remained unchanged.
