KARACHI: Despite gaining some points, the Pakistan Stock Exchange remained bearish till midday as the benchmark lost 143 points to reach 41269.03 points level on Friday.
Earlier, the stocks opened bearish and shed massive 234.54 points to drop to 41177.50 points level in early trading.
On Thursday, the stocks closed almost flat but set new record, ahead of announcement of corporate results. The 100-share index closed at 41,412.04 points after gaining 8.07 points. Both the gas utilities SNGPL (down 4.38%) and SSGC (5%) lost value to close in the red zone as OGRA clarified that it had not proposed any increase in gas prices contrary to news published earlier this week. Volumes stood at 363m shares, while traded value was Rs12.7b/$141m. BOP was yesterday’s volume leader with 33m shares, where the banking company closed (4.41%) higher from its previous day’s close.