KARACHI: The bearish trend further intensified at the Pakistan Stock Exchange (PSX) as the benchmark 100-index shed massive 522 points to drop to 44674 level till midday on Thursday.
The stocks opened bearish and shed 120 points to reach 45076 level in early trading.
Yesterday, bulls continued to dominate the PSX as the benchmark KSE-100 index lost 292 points to close at 45,196. The index opened lower and continued on a downward slide, touching the day’s low of 45,161 points towards the day’s close.
Trading remained dull as only 131.2 million shares worth Rs5.2 billion were traded at the exchange; 132 of the 377 traded scrips advanced, 223 declined and 22 remained unchanged. The commercial banking sector dominated trading with 29.7m shares traded, while the chemical sector followed with 21.3m shares changing hands.
