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PSX sheds another 285pts till midday

PSX sheds another 285pts till midday

KARACHI: The Pakistan Stock Exchange (PSX) remained in bearish trend as the benchmark 100-index shed 295 points to drop to 44083 level till midday on Tuesday

The PSX opened keeping bearish trend and shed 109 points to reach in early trading.

On Monday, the stocks continued in the red with the benchmark KSE-100 Index losing 158 points to close at 44,379 despite a positive opening.

The index touched the day’s high of 44,763 points after a positive start, but the bears returned to pull the index down to a day’s low of 44,322 points towards close.

Over 130.5 million shares worth Rs5.6 billion were traded as 123 of 372 traded scrips advanced, while 226 declined and 23 remained unchanged. The investment banking sector dominated trading with 17.8m shares traded, while vanaspati and allied industries followed with 13.5m shares traded.