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Home / Markets / PSX sheds early gains, loses 349pts till midday
PSX sheds early gains, loses 349pts till midday

PSX sheds early gains, loses 349pts till midday

KARACHI: The Pakistan Stock Exchange (PSX) Monday shed the early gains and lost 349 points to drop to 46509.38 points level till midday.

Earlier, the stocks opened positive after gaining 215 points to take the tally to 47073 points level in early trading.

On Friday, the PSX stayed in the red zone for third consecutive day as the benchmark KSE 100-index conceded another 584.17 points and closed at 46,858.56 points.

Market lacked volume yesterday, with only 130 million shares traded throughout the day as compared to 355 million on the last trading day. While traded value also decreased to Rs7.4b/$71.2m. Volumes were led by Bank of Punjab with 18.6m shares traded, followed by World Call Telecom with 12.3m shares traded and K-Electric Ltd with 10.1m shares traded. Scrips of total 319 active companies participated in the session of which 200 finished in red, 98 in green while 21 remained unchanged.