KARACHI: The Pakistan Stock Exchange Thursday opened recouping some previous losses and gained 235.61 points to reach 49449.76 points level in early trading.
On Wednesday, the PSX benchmark shares index declined by 554 points or (1.1%) to close at 49,214 points level. Banking sector led the decline in the market as index heavy weights HBL (up 1.37%), MCB (1.13%) and UBL (0.89%) lost value to close in the red zone. ASC (rose 5%) and FFBL (4.28%) gained on the back of the news that UAE has lifted an eight years long moratorium on import of poultry from Pakistan. K-Electric emerged volume leader with 45 million traded shares. Overall, volumes increased by 18.1 percent to 417 million shares, while value traded rose by 1.1 percent to Rs17.4 billion.