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PSX drops mammoth 1531pts till midday

byMatiur Rehman
03/07/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) continued its losing spree and shed mammoth 1531 points to drop to 45034.75 points level till midday on Monday.

Earlier, the PSX opened bearish shedding huge 840 points to reach 45725 points level in early trading.

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On Friday, the stocks closed lower despite increased trading activity, as its positive streak over three sessions finally came to an end. The benchmark 100-share index shed 146.56 points and closed at 46,565.29 points.

Overall volume increased to 235m shares as compared to 187m shares of the previous day, while traded value declined by Rs9.3bn. K-Electric emerged as volume leader with 29.7m shares trade, while NIB Bank with 23m shares and Engro Polymer with 118m shares were in spotlight in the session.

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