KARACHI: The Pakistan Stock Exchange became bearish till midday and shed 69 points to drop to 49759 points level on Thursday.
Earlier, the stocks opened bullish and gained 20 points to reach 49847 points level in early trading.
On Thursday, the stocks showed recovery led by banking and auto stocks amid strong quarter-end earnings announcements at PSX. Volatile session was witnessed at the bourse as the index traded between an intraday high of 169 points and intraday low of 140 points to finally close at 49,827.51 level by gaining 42 points. Major index gainers were HBL (rose 2.00pc), INDU (4.98pc) and DGKC (1.17pc). Overall, volume decreased to 323 million shares compared to 381 million shares changed hands yesterday, while value also declined to Rs16.7 billion/$160 million.
