KARACHI: The bearish note continued to prevail at the Pakistan Stock Exchange as the benchmark 100-index dropped 107 points to reach 49375 points level till midday on Friday.
Earlier, the stocks opened keeping previous day’s bearish note and further shed 66 points to reach 49416 points level in early trading.
On Thursday, the stocks closed lower amid pressure on institutional profit-taking post major earnings announcements at PSX. Volatility prevailed in the market during the initial hours of the trade as the index continuously juggled between the positive and negative zones. Selling pressure was witnessed in the market during the latter hours as the index lost around 346 points or (0.69pc) and to close at 49,482 level. Overall, volumes increased by 24 percent d/d to 399 million shares while traded value declined 12 percent to Rs14.7 billion.
