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PSX goes bearish till midday, shed 163.53pts
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PSX goes bearish till midday, shed 163.53pts

KARACHI: The Pakistan Stock Exchange (PSX) became bearish till midday after shedding 163.53 points to drop to 42747.26 points level on Thursday.

Earlier, the stocks started trading on positive note as the benchmark 100-index gained 262 points to reach 43173 points level in early trading.

On Wednesday, the stocks witnessed strong recovery in Wednesday’s trading session as value investors took the opportunity to buy stocks at attractive prices. KSE 100-share index closed at 42,911 points after gaining 967 points.

Volumes however deteriorated by 23% to 167 million shares, compared to 217 million in the previous trading session. While traded value declined to Rs9.3b/$89m. Scrips of total 396 active companies participated in the session of which 314 finished in advance, 71 in decline while 11 remained unchanged. TRG from the technology and communication sector led the volumes as 14 million shares were exchanged.