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Bearish note deepens till midday as PSX loses 292pts

byMatiur Rehman
16/05/2017
in Markets, Stock Exchange
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KARACHI: The bearish note further deepened till midday as the Pakistan Stock Exchange (PSX) lost massive 292 points to reach 52096 points level on Tuesday.

Earlier, the stocks opened negative and shed 121 points to drop to 52267 points level in early trading.

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On Monday, the PSX continued upward rally as KSE 100-index up by 637 points to new record high level of 52,388 points. EPCL was volume leader as almost 36m shares of the chemical company exchanged hands. While Dost Steel with 19m traded shares and BOP with 12m shares stood second and thirds. Scrips of total 405 active companies were traded in the session of which 213 closed in positive, 177 in negative while 15 remained unchanged. Volumes further improved to 353m shares versus 347m shares of the previous session. Traded value also rose to Rs23b.

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