KARACHI: The bearish note further deepened at the Pakistan Stock Exchange (PSX) as the benchmark 100-index dropped 516 points to reach 48785 points level after losing 49,000 mark till midday on Tuesday
Earlier, the stocks opened after a long weekend on bearish note and shed 130.36 points to drop to 49171.54 points level in early trading.
On Friday, the stocks ended the week on bearish note on pressure in oil stocks amid falling global crude prices. Volatility prevailed in the market during the first half of the trading session as index continuously traded between the positive and negative zones. However, pressure was witnessed in the market during the second half as the index lost around 181 points to close at 49,301 level (down 0.4 percent).
Overall, volume decreased to 290 million shares compared to 399 changed hands on Thursday. While traded value increased to Rs16 billion/$154 million.
