KARACHI: The bearish note continued at the Pakistan Stock Exchange till midday as the benchmark 100-index shed 137 points to drop to 48320 points level on Thursday.
Earlier, the stocks started day on negative note and shed 122 points in early trading to reach 48335 points level.
On Wednesday, the stock market extended its previous day gain as the index gained around 207 points or (0.43%) to close at 48,457.26 points.
PSMC led the sales number with 19 percent YoY growth as Wagon R continue to be the star variant of the auto assembler (113pc YoY higher). Apart from the E&P sector major contribution to the index came from SNGP (gain 2.99pc), MARI (2.69pc) and FCCL (2.46pc), whereas LUCK (slip 0.89pc), ENGRO (0.86pc) and DGKC (0.50pc) lost value to weigh down on the index.
Market participation improved considerably with traded volume and value both surging by 48 percent to 218 million shares and Rs11.2 billion/$107 million, respectively. However, activity still remains well below YTD average volume daily of 327 million shares and value of Rs16 billion.
