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PSX regains early losses till midday

PSX regains early losses till midday

KARACHI: The Pakistan Stocks Exchanged (PSX) bounced back till midday after adding 78.42 points to reach 45715 points level on Wednesday.

Earlier, the stocks opened bearish losing 194 points to drop to 45442 points level in early trading.

On Tuesday, the PSX rallied by 1,113 points (2.5%) and closed at 45,636 points with buying seen across all major sectors and sideboard items as well.

Top point contributors to the index were UBL (+3.4%), LUCK (+3.4%), OGDC (+3.4%), ENGRO (+3.3%), HUBC (+2.8%), PPL (+2.8%), SNGP (+4.9%), MCB (+2.3%), DAWH (+4.1%) & HBL (+0.9%); adding 495 points. While only 8 stocks closed lower eroding 13 points. On the sector front, banks added 228 points, cements 149 points, E&Ps 145 points, fertilizer 142 points; while chemical shed 2 points.

TRG from the technology sector led the volumes with 11 million shares being traded during the day. Participation improved from yesterday’s drought; volumes rose 110% to 158m shares, while traded value rose 115% to Rs9b/$85.4m.