Karachi (Staff Report): Bears took over the Pakistan Stock Exchange (PSX) on Thursday as the benchmark KSE 100-index plunged by 1,123 points to reach 38,785 points level.

Around 287 traded scrips landed in the red, with K-Electric having lost over six per cent of its value and Worldcall Telecom, TRG, Japan Power and Bank of Punjab also losing over 5pc.

The turnover picked up to reach over Rs6.2 billion from Wednesday's abysmal figures, with over 163 million shares traded.