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Stocks start trading on bearish note

byMatiur Rehman
25/05/2018
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) on Friday started the last trading day of week on bearish note and lost 49 points to reach 42487 level in early trading.

On Thursday, the stocks landed in the red, with the benchmark KSE-100 index shedding 236 points to close at 42,536 points.

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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.

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PSX sheds another 289pts till midday

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