KARACHI: The Pakistan Stock Exchange Wednesday opened bullish and added 278.77 points to reach 48813 points level in early trading.
On Tuesday, the stocks closed almost flat at 48,534.23 points, adding 13 points. Banking sector weighed down on the index as the sector closed 0.6 percent lower. HBL (slip 0.31%), MCB (0.79%) and UBL (0.53%) were major index movers of the aforementioned sector. Moreover, POL (up 0.36%) in the E&P sector gained to close in the green zone as market players continued to weigh the prospects of production cuts by major crude producing nations amid rise in US drilling. Overall, volumes dried up 9 percent d/d to 228 million shares, while value traded fell 7 percent to Rs10.8 billion.