KARACHI: The Pakistan Stock Exchange lost 366 points till midday to reach 52503 points level before budget speech on Friday.
Earlier, the stocks opened flat at 52,869 points level in early trading. On Thursday, the benchmark KSE 100-index also ended almost flat at 52,869 points. Volatile session was witnessed at the local bourse. Most of the selling pressure was witnessed during the second half of the day, after which the market closed at 52,869 levels, after losing 7 points.
Power Cement was volume leader with 46.7m shares traded while Bank of Punjab with 25.5m shares traded and Engro Polymer with 22.96m shares traded were also in limelight in the session. Volumes were down 33% to 408m shares d/d while traded value surged 3% to Rs24.4b.