Bears return to PSX as KSE-100 Index falls by 50 points

Pakistan Stock Exchange (PSX) on Wednesday witnessed a bearish trend in the early hours of trading as the benchmark KSE-100 Index dropped -49.78.

As of 11 a.m., the market stood at 114,478.30 points, a -0.04% decline from 114,528.08 points in the previous session.

The market opened in green and reached 114,762.92 points with an over 200-point gain. However, it could not maintain the bullish trend, and soon, the bears took control, and the KSE-100 Index declined to 114,219.95. Later, the market recovered some losses, but it was still in red at 11 a.m.

On Tuesday the PSX maintained a bullish trend and gained 197 points before ending the trading session.

Soon after the market opened on the second trading day of the week, the benchmark KSE-100 Index surged by over 1500 points, however later the selling pressure emerged and the PSX started dropping the points, but still, it remained in green till the closing of the trading.

As of 3:30 pm, the KSE-100 Index closed at 114,528.08 points, 197 points higher than the 114,330.10 points on Monday. The positive change in the market was recorded at 0.17%.

The highest index of the day remained at 115,889.60 points, while the lowest level was recorded at 114,178.55 points.