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PSX remains bearish till midday

byMatiur Rehman
24/05/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Tuesday remained bearish and lost 34 points to reach 36689.58 points level till midday.

On Monday, the local equities managed to achieve a positive close after a volatile session as losses in financial stocks pulled the benchmark KSE 100-share index down 0.7% to 36,433 points in intraday trade. The Pakistan Stock Exchange’s (PSX) benchmark 100-share index edged up 0.08% or 29.85 points to end at 36,723.35. Trade volumes fell to 266 million shares compared with Friday’s tally of 395 million. Shares of 366 companies were traded. At the end of the day, 183 stocks closed higher, 162 declined while 21 remained unchanged. The value of shares traded during the day was Rs10.7 billion.

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