KARACHI: The Pakistan Stock Exchange dropped all the early gains till midday and went to negative zone shedding 0.58 points to reach 37425.82 points level.
Earlier, the PSX opened keeping bullish trend and added another 69.65 points to reach 37496.05 points level in early trading.
On Wednesday, the stock market witnessed dull session but climbed to yet another highest-ever level, gaining 34 points (0.09%) to close at 37426 points level.
Volatility prevailed as the 100-share index surged to make an intra-day high of around 222 points but failed to sustain these levels as profit taking was witnessed across the board during the second half of the day. Volumes increased by 38% to 143m shares and value remained flat at Rs 7.7 billion. KEL and FCCL led the volume with approximately 37m shares traded combined. Continued interest was observed in FCCL which led the stock to close up by 4.3%.
