KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened keeping bearish trend and shed 45 points to drop to 48610 points level in early trading.
On Monday, the PSX started the week on a bearish note, with the benchmark shares index lost 536 points or (1.09%) amid lowest traded volumes since July 4, 2016.
International crude oil prices continued their decline, posting an overnight low of $49.7, which led oil majors POL (decline 4.1%), OGDC (2.3%), PPL (2.0%) & PSO (1.6%) to erode 126 points from the index. Aisha Steel Mill was volume leader with 10.6 million traded shares. Overall, stocks of 397 companies were traded on the exchange, of which 82 gained in value, 296 declined and 19 remained unchanged. Volume decreased by 27 percent to 133 million shares, while value declined by 25.7 percent to Rs7.2 billion.
