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Stocks open positive, add 148pts
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

Stocks open positive, add 148pts

KARACHI: The Pakistan Stock Exchange Wednesday started trading on positive note and added 148 points to reach 49915.64 points level in early trading.

On Tuesday, the range-bound activities witnessed at the PSX with benchmark index lost 197 points. Market opened on a weak note on the back of unfortunate terrorist incident in Lahore. During the latter hours, selling pressure was witnessed in the market by sceptical investors as the index lost around 198 points to close at around 49,768 level.

Index heavyweight HBL (rose 0.42%) closed in the green zone as the banking company declared its year end result for 2016. In its result, the company posted an EPS of Rs23.23/share along with a dividend announcement of Rs3.5/share taking the full year payout to Rs14/share.

Aisha Steel emerged the volume leader with 40 million traded shares. Overall, volumes decreased by 2.4 percent to 353 million shares, while value declined by 8.5 percent to Rs17.2 billion.