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PSX recoups previous losses in early trading
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

PSX recoups previous losses in early trading

KARACHI: The Pakistan Stock Exchange Thursday recouped some previous losses in early trading after gaining 70 points to reach 48775 points level.

On Wednesday, the profit-taking halted upward trajectory of the PSX as a result the shares index lost 122 points or (0.25%). Volatility prevailed in the market as the index traded between an intraday high of 241 points and intraday low of 192 points to finally close at 48,705 level.

Profit-taking was witnessed in fertiliser sector as the sector closed (0.4%) lower than its previous day close. FATIMA (down 0.97%) and FFBL (1.01%) were top losers of the aforementioned sector. Pressure was witnessed in the Cement sector as investors await cement dispatch numbers due to be released later this week. CHCC (slump 2.25%) and FCCL (105 were major losers from the aforementioned sector.

Overall, volumes decreased by 19.5 percent to 403 million shares, while value decreased by 20 percent to Rs21.7 billion.