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PSX goes bearish after shedding 225pts till midday
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PSX goes bearish after shedding 225pts till midday

KARACHI: Opened on positive note, the Pakistan Stock Exchange (PSX) became bearish till midday as the benchmark 100-index shed 225 points to drop to 41644 level on Friday.

The stocks earlier bounced back after adding 80 points to reach 41950 level.

Yesterday, trading at PSX remained dull while the benchmark index continued to shed points on the first day of Ramazan.

The KSE-100 index closed at 41,870 points after losing 432 points with the overall trend of the market remaining downward with some sideways trading.

Only 56.9 million shares worth Rs2.6 billion were traded at the exchange, and only 71 of the 298 traded scrips gained in value while 209 scrips declined and 18 remained unchanged. The cement sector dominated trading with 8.16m shares traded, while electrical goods and power generation followed with 7.35m and 5.32m shares traded respectively.