KARACHI: The bearish note continued to prevail at the Pakistan Stock Exchange as the benchmark 100-index 413.59 points to reach 48594.41 points level till midday on Monday.
Earlier, the PSX opened negative after shedding 151 points to drop to 48857 points in early trading.
On Friday, the stocks closed bearish after witnessing volatile session and dropped 54.26 points and to close at 49,008 level. The PSX, earlier, rose by 211 points but profit-taking in the second half, amid last day of futures roll-over, led the market to close negative.
Market opened on a positive note and rallied to make an intraday high of 212 points. This positivity prevailed in the market for most of the day. However, pressure was witnessed in the market during eleventh hour as the index declined to close (down 0.11%) lower than its previous day close. Overall volumes surged by 3.3 percent to 275 million shares, while value rose by 8.4 percent to Rs14.1 billion.
