KARACHI: The bearish trend further intensified till midday at the Pakistan Stock Exchange (PSX) as the benchmark 100-index shed 225 points to drop to 42076 level on Thursday.
The stocks started day keeping previous day’s bearish note and lost 183 points to reach 42118 level in early trading.
Yesterday, bears continued to dominate the PSX, with the benchmark KSE-100 index losing 158 points in one of the dullest trading sessions in recent months.
The index oscillated from the day’s high of 42,580 points to a low of 42,199 before closing at 42,301 points on Wednesday. In all, only 77.5 million shares worth Rs2.9 billion were traded at the exchange, with volumes lower by around 100m. Of the 332 scrips traded, 131 advanced, 174 declined and 27 remained unchanged.
