KARACHI: The Pakistan Stock Exchange (PSX) shed all the early gains and dropped 200 points till midday to drop to 42423 level on Wednesday.
The stocks started day keeping previous day’s bullish note and gained 140 points to reach 42763 level in early trading.
On Tuesday, the bulls dominated the PSX with the benchmark KSE-100 index gaining 484 points to close at 42,623 points. The index opened higher and continued on an upward path for almost the entire session although volumes were on the lower side.
In all, 120.3 million shares worth Rs5.2 billion were traded at the exchange. Of the 362 scrips traded in the day, 211 advanced, 127 declined and 24 remained unchanged. The chemical sector dominated trading with 15.2m shares traded, while the cement sector followed closely with 15m shares traded.