KARACHI: The Pakistan Stock Exchange Thursday opened bearish after shedding 268 points to reach 38551 points level in early trading.
On Wednesday, the PSX benchmark KSE 100-index remained positive in trading session and it made an intra-day high of 360 points to finally settle at 38,820 points, gaining 295 points.
Sui companies recovered as SNGP (up 4.4%) & SSGC (3.6%) gained on news that OGRA proposals are not indicative of future profits.
Top index point leaders were MCB (up 2.6%), EFERT (3.4%), ENGRO (1.6%), SNGP (4.4%) & DAWH (2.4%), adding 134 points to the index, while stocks including OGDC (down 1.2%), UBL (0.7%), HBL (0.4%), JDWS (5%) & ISL (1.9%) withheld 62 points from the index.
On the sector front, fertilizer added 93 points, commercial banks added 46 points, oil & gas marketing companies added 34 points, & cements 29 points. On the flip side, oil & gas exploration companies took away 29 points, sugar fell 8 points & engineering was down 6 points.
