KARACHI: The bearish note again dominated the Pakistan Stock Exchange as the benchmark 100-index lost psychological barrier of 49,000 after it shed massive 360 points till midday on Monday.
Earlier, the stocks opened slightly above the previous level and added 23 points in early trading to reach 49215 points level.
On Friday, continuous fall in global crude prices compelled the PSX shares index to shed 200 points or (0.41%) to finally close at 49,192 level.
Lackluster activity prevailed in the market as the index traded between an intraday high of 64 points and intraday low of 343 points. Volumes stood low at 183 million shares versus 220 million shares traded on previous day. TPL was the volume leader as more than 11 million shares of the tracker company exchanged hands. E&P sector lost value to close in the red zone as crude prices inched up on Friday after dropping to their lowest in more than three months the session before. OGDC (slip 2.16%) and PPL (1.61%) were the major losers of the aforementioned sector.
