KARACHI: The Pakistan Stock Exchange (PSX) Wednesday opened bullish and added 132 points to take the tally to 48822 points level in early trading.
On Tuesday, the stocks witnessed bearish activity as index plummeted massive 611.48 points or (down 1.24pc) to close at 48,689.42 points. This pressure in the market was on the back of investor scepticism regarding the political scenario in the country.
Banking sector led the decline as the sector lost to close (0.7pc) lower than previous trading session. MCB (slip 1.90pc), UBL (1.01pc) and ABL (1.70pc) in the aforementioned sector lost value to weigh down on the index. Volumes in the market further skimmed to around 199 million shares versus 290 million shares traded previously, while value also declined to Rs10.7 billion.
