KARACHI: The Karachi Stock Exchange remained in grip of bearish trend mainly due to profit-taking as KSE-100 index lost 34.03 points to drop to 35900.96 points level till midday on Friday.
The country’s biggest stock market witnessed the maximum trading level till midday at 35982.13 points and minimum level at 35846.65 points, with the total volume of 79,408,880 shares, having Rs4,197,226,323 value.
Earlier, bearish trend continued in the KSE as 100-index dropped another 52.46 points to reach 35882.53 points level.
On Thursday, the KSE witnessed some profit-taking as 100 Index declined 122 points (0.3%) to close at 35,935 points whereas 30 Index shed 104.54 points to close at 22,297 points. The fertiliser stocks were painted in red with ENGRO ending lower along with Fauji Fertiliser Company (FFC) and Fauji Fertiliser Bin Qasim Limited (FFBL). Punters were active as retail favourite TRG closed at its upper price limit.
