KARACHI: The Pakistan Stock Exchange Friday opened bearish as benchmark 100-index shed 115 points to drop to 47835 points level in early trading.
On Thursday, the PSX benchmark shares index traded between an intraday high of 129 points and intraday low of 555 points, finally closing at 47,949 levels, losing 426 points or (0.88 percent).
BOP closed negative as the bank announced its 2016 result. In its result, the company posted EPS of Rs3.13/share and announced 70 percent Right shares at a premium of Rs2 per share. POL (slip 1.32%) and PPL (0.50%) closed in the red in the E&P sector as crude prices reversed course and declined. Volumes stood low at 241 million shares versus 272 million shares traded yesterday. Top volume leaders of the bourse were ANL (up7.3%), JSCL (4.6%) and BOP (slip 6.2%). Stocks of 386 companies in all were traded, of which 84 gained in value, 285 declined and 17 remained unchanged.
