KARACHI: The Pakistan Stock Exchange Friday opened almost flat as the benchmark 100-index shed five points to reach 47946 points level in early trading.
On Thursday, the PSX observed renewed selling pressure on the penultimate trading session of the week, with the benchmark shares index losing 507 points or (1.05pc) and close below the 48,000 points level at 47,950.58 points.
HBL (slip 2.08pc) and UBL (1.33pc) remained the major index movers in the banking sector whereas in the E&P space, OGDC (decline 2.22pc) and POL (2.10pc) lost value to close in the red zone, as crude oil prices slid to consolidate around $53/bbl level. Market participation improved with bears dominating the activity; traded volume and value both rose by 7 percent to 233 million shares and Rs12 billion respectively.
