KARACHI: The Pakistan Stock Exchange became bearish after losing 41.25 points to drop to 49624.72 points level till midday on Friday.
Earlier, the PSX started trading with positive note and gained 51 points to reach 49717 points level in early trading.
On Thursday, the stocks showed recovery amid support in oil stocks on upbeat OMCs YoY sales data and surge in local POL prices this week, resultantly the shares index gain 210.11 points or (0.4%) to close at 49,666 level.
Positivity prevailed in the market during most part of the day, as the index gained to make an intraday high of 478 points. Later on pressure was witnessed in the market for a brief period of time as it lost ground to make an intraday low 29 points. OGDC (higher 1.11%) gained on the back of the news that government intends to wait for further divestment of its 5 percent stake in company until its share price touches Rs200/share mark in the market.
DSL (rose 4.25%) was the volume leader with more than 57 million shares traded. Volume increased to 447 million shares as compared to 356 million shares changed hands yesterday, while traded value also rose to Rs24 billion.
