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KARACHI: The Pakistan Stock Exchange (PSX) on Thursday declined over 400 points as investors remained on the sidelines amid no progress on the government’s circular debt plan.
At close, the benchmark index settled at 47,808.34, lower by 419.26 points or 0.87%.
Sectors driving the benchmark KSE 100 index south included oil and gas exploration (124.22pts), banking (123.41pts), and power generation and distribution (76.99pts).
Company-wise, OGDC, HUBC, and PPL were top negative contributors.
The banking sector lost 1.12% in its cumulative market capitalisation, according to the brokerage house.
Volume on the all-share index increased to 322.2 million from 312.3 million on Wednesday.
However, the value of shares traded decreased to Rs12.7 billion from Rs14.3 billion in the previous session.
WorldCall Telecom remained the volume leader with 41.5 million shares, followed by Bank Al-Falah with 23.2 million shares and Oil & Gas Dev. with 22 million shares.
Shares of 332 companies were traded on Thursday, of which 105 registered an increase, 209 recorded a fall, and 18 remained unchanged.