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Bearish trend continues at PSX till midday

byMatiur Rehman
23/06/2016
in Markets, Stock Exchange
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KARACHI: The bearish trend continued at the Pakistan Stock Exchange (PSX) as benchmark 100-index further shed 60 points to reach 38089.90 points level till midday.

On Wednesday, the 100-index rallied up 204.74 points in the morning but later dropped down by 292.19 points. The index concluded the session after loss of 266.05 points at 38,149.26. The session saw 91 scripts post gains while 214 declined. The market volumes dipped to 124.21 million from last session’s 154.539 million. The cement sector was top traded where investors realised profits. Volume leader Dewan Cement Limited (DCL) shed 3.58%.

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