KARACHI: Opened on positive note, the Pakistan Stock Exchange became bearish after shedding 127 points to drop to 47450 points level till midday on Monday.
Earlier, the PSX started new week on positive note as the benchmark 100-index gained 47652 points level in early trading on Monday.
On Friday, the stocks continued its previous day momentum on weakened as the index lost around 374 points or (0.78pc) and to close at 47,577 level. Overall, volumes declined to 125.7 million shares compared to 233 million shares changed hand yesterday, while the traded value plunged to Rs7.13 billion from Rs12 billion. Volumes were led by Sui Southern Gas with 11.7 million shares traded, Aisha Steel Mill with 7.8 million shares traded and K-Electric with 6 million shares traded, respectively.
