KARACHI: The Pakistan Stock Exchange became bearish after shedding huge 529 points to drop to 49582 points level till midday on Tuesday.
Earlier, the stocks opened bullish and gained 193 points to take the tally to 50304.61 points level in early trading.
On Monday, the bullish trend continued at PSX on first trading day resultantly the bench mark shares index crossed psychological barriers to close at 50,112 level by gaining 403 points or (0.81 percent).
Investor interest was seen in the automobile sector as it gained to close (3.5pc) higher than its previous day close. PSMC (gain 5pc), HCAR (4.23pc) and INDU (4.72pc) were the top performers of the aforementioned sector. Market participation sustained with volumes increasing by 1 percent d/d to 400 million shares while traded value was down 8 percent to Rs22.2 billion.
