KARACHI: The bearish note continued at the Pakistan Stock Exchange on Friday as the benchmark 100-share index shed 77.60 points to reach 46,622 points level in early trading.
On Thursday, the PSX witnessed a decline of 293 points or (0.62%) to settle at 46,700 points. Habib Bank (HBL), Pakistan Petroleum (PPL) and Oil and Gas Development Company (OGDC) cumulatively contributed 182 points to fall. Negative sentiment prevailed in the oil and gas exploration companies leading OGDC, PPL and Pakistan Oil Fields (POL) to post a decline in the range of 1.45%-1.67%. PIBTL led the volumes chart with 35 million shares traded. Overall, volumes decreased by 30.4 percent to 270 million shares, while value decreased by 39.2 percent to Rs13 billion.
