KARACHI: The bearish note further deepened at Pakistan Stock Exchange (PSX) till midday as the benchmark 100-index lost 289 points to drop to 42247 level on Friday.
The stocks started the last trading day of week on bearish note and lost 49 points to reach 42487 level in early trading.
On Thursday, the PSX landed in the red, with the benchmark KSE-100 index shedding 236 points to close at 42,536 points.
The benchmark index opened on a positive note to hit a day’s high of 42,838 points but failed to continue the momentum and touched a day’s low of 42,447 points near the end of the session.
In all, 127 million shares worth Rs4.7 billion were traded at the exchange. Of the 325 traded scrips, 112 advanced while 184 declined and 29 remained unchanged. Commercial banks dominated trading by a margin with 29.83m shares traded.
