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Home / Markets / PSX sheds all early gains, goes bearish till midday
PSX sheds all early gains, goes bearish till midday

PSX sheds all early gains, goes bearish till midday

KARACHI: The Pakistan Stock Exchange (PSX) dropped all the early gains till midday as benchmark 100-index 48692.79 points level shedding five points on Tuesday.

Earlier, the stocks opened bullish after gaining 185 points to reach 48882 points level in early trading.

On Monday, the stocks started the week on a positive note, with the benchmark shares index rallying 288.30 points or (0.6%) by the close of the trading session to reach 48,697 points. Market opened on a positive note and followed its previous trend as the index traded at intraday high of 348 points to finally close at 48,698 level.

Top volume leaders of the bourse were KEL (slip 1.42%), BOP (0.99%) and ASL (4.71%). POL (dip 1.79%) closed in red as international oil prices struggled near the lowest level since the end of November on rising US shale production. A total of 55.8 million shares had changed hands by the end of the session, with a total worth of nearly Rs 4.01 billion. Volume was recorded at 135 million shares, while value declined by 63.6% Rs 6.0 billion.