PSX witnesses bearish trend as KSE-100 drops 107 points

Karachi: Pakistan Stock Exchange (PSX) on Friday witnessed a bearish trend and as a result, the benchmark KSE-100 index faced a loss of 107 points.

 The benchmark opened on a positive note, however, the gains were taken away towards the end of the session possibly due to investors adopting a risk-off stance to conclude the week.

Consequently, the index closed at 48,218.5 with a loss of 107.35 points or 0.22% DoD.

The index traded in a range of 418.96 points showing an intraday high of 48,615.14 and a low of 48,196.18.

The total Volume of the KSE100 Index was 132.258 million shares.

While the index lost 205.9pts or 0.43% WoW.