KARACHI: The Pakistan Stock Exchange (PSX) on Thursday extended losses as the KSE-100 Index dropped 305.4 points or 0.7% during a lacklustre session and closed at 43,032.57.
Trading began on a mixed note and the KSE-100 index hit an intra-day high in the initial hours. Selling pressure emerged at this point and the market began its descent. The decline flattened in the final hours and the market closed with a loss.
Index-heavy automobile, cement, banks, fertiliser and oil sectors closed with losses.
Sectors adding downside pressure to the benchmark KSE-100 higher included power generation and distribution (142.38 points), fertiliser (31.95 points) and oil and gas exploration (28.42 points).
Volume on the all-share index fell to 208.1 million from 256.48 million on Wednesday. On the other hand, the value of shares traded decreased to Rs7.78 billion from Rs8.75 billion recorded in the previous session.
WorldCall Telecom was the volume leader with 18.6 million shares, followed by Hascol with 10.5 million shares and PIA (C) with 9.3 million shares.
Shares of 343 companies were traded on Thursday, of which 110 registered an increase, 209 recorded a fall, and 24 remained unchanged.
