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KARACHI: The Pakistan Stock Exchange (PSE) continued trading for the second day in a row on Wednesday, with the KSE-100 index closing below 47,800 and 47,700 points.
More than Rs 17.51 billion of investors sank in the market due to the downturn. Share prices also declined by 61.49% due to the downturn. The Pakistan Stock Exchange (PSE) has been in a slump since the start of trading on Tuesday.
The Pakistan Stock Exchange (KSE) 100 Index declined by 192.81 points on Wednesday, taking the index from 47828.71 points to 47635.90 points.
The KSE 30 Index lost 75.89 points to close at 19090.13 points, the KSE All Shares Index lost 89.31 points to close at 32570.24 points and the KMI 30 Index lost 390.05 points to close at 77398.87 points.
Due to the decline in business activities, the total market capitalization decreased by Rs. 17 billion to Rs. 83 trillion. 38.46 million shares were traded in the Pakistan Stock Exchange on Wednesday while 39.49 million shares were traded on Tuesday.
A total of 479 companies traded in the stock market on Wednesday, out of which 177 companies witnessed gains, 282 witnessed losses, and 20 witnessed gains.
In terms of turnover, World Call Telecom topped the list with 38 million, Azgard Nine 33.3 million, and Ghani Global 22 million deals.
