Pakistan Stock Exchange (PSX) continued the bearish trend on Wednesday as the benchmark KSE-100 Index dropped 907 points, with a negative change of -0.55%, closing at 165,266.74 points against 166,173.74 points in the previous session.
A total of 553,938,123 shares were traded during the day compared to 1,266,227,891 shares on the previous session, whereas the share value stood at Rs48.320 billion against Rs54.22 billion previously.
As many as 484 companies transacted their shares in the stock market, out of which 184 recorded gains, 297 sustained losses, and 39 remained unchanged.
Selling pressure was observed in key sectors, cement, commercial banks, OMCs, and power generation. Index-heavy stocks, including HUBCO, SSGC, SNGPL, MARI, and PPL, traded in the red.
On Tuesday, PSX closed in the red as selling pressure dominated the session, attributed to heavy profit-taking by local institutions, which overshadowed early gains. The benchmark KSE-100 Index plunged by 1,578.66 points, or 0.94%, to finish at 166,173.75 points.
