Pakistan Stock Exchange (PSX) on Wednesday witnessed a strong bearish trend amid an uncertain situation in the region due to escalating conflict between Iran and Israel.
Soon after the trading started, the benchmark KSE-100 index fell in red and extended the losses throughout the session, closing at 120,465.93 points following dropping 1505.11 points with a negative change of -1.23%.
A total of 122,011,862 shares were traded during the day as compared to 1,152,012,654 shares the previous trading day, whereas the price of shares stood at Rs12.409 billion against Rs 27.983 billion on the last trading day.
As many as 469 companies transacted their shares in the stock market, 102 of them recorded gains and 327 sustained losses, whereas the share price of 40 companies remained unchanged.
Selling pressure was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including HUBCO, PSO, MARI, OGDC, POL, PPL, MCB, MEBL, and NBP, traded in the red.
