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Home Markets

PSX sheds 430pts as bearish trend continues

byMatiur Rehman
29/05/2017
in Markets, Stock Exchange
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KARACHI: The bearish trend continued till midday as the Pakistan Stock Exchange benchmark 100-index shed 430 points to reach 52207 points level on Monday.

Earlier, the stocks opened bearish shedding 262 points to drop to 52374 points level in early trading.

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On Friday, market started on a positive note, but very quickly stocks witnessed profit booking on account of which KSE 100-index closed at 52,637 points level after declining by 232.14 points. Overall volume increased to 413m shares compared to 409m shares of the previous day. Traded value deceased to Rs21b/$197m.

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