Abb Takk News

PSX Loses 155 Points in Intraday Trade

Karachi (July 7, 2017): The bearish trend continued on Pakistan Stock Exchange (PSX) as the market is trading in the negative zone on Friday.

The market resumed trading on Friday morning in negative zone and benchmark KSE-100 index lost 155 points in intraday trade.

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The KSE-100 index is trading at 44,667 points level.

On Thursday, market KSE-100 index lost 590.31 points, or 1.30 per cent, by the close of the trading session to reach 44,823.11.

Volumes were led by technology and communication and engineering stocks as the benchmark index dipped nearly 600 points by the close.

Nearly 72.7 million shares changed hands by the end of the session, with a total worth of nearly Rs6.61 billion.

Experts say that political uncertainty stemming from the Panamagate investigation is taking it toll on the market, as the investors are wary of any anti-regime decision of the apex court in the case.

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