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PSX drops 204pts till midday

byMatiur Rehman
30/05/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Monday witnessed bearish note and lost 204 points to reach 36490.34 points level till midday.

On Friday, positivity prevailed in the stock market with the benchmark 100-share index rallying by 153.29 points to close at 36,694.26 points. Volumes decreased by 6.1% to 199m shares while value also decreased by 3% to Rs 9.4b. Meanwhile, market during the week remained flat ahead of upcoming budget and MSCI reclassification decision in Jun 2016 as KSE-100 index closed at 36,694 levels. Average volumes clocked in at 249m shares, down by 23% during the week. Average traded value was down 11% to Rs10.1b.

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