Pakistan Stock Exchange (PSX) on Wednesday witnessed a bearish trend and the benchmark KSE-100 index dropped by 665.76 points to close at 113,862.32 against 114,528.08 points in the previous session.
In total 333.205 million shares were traded while the market value remained 15.747 billion. 445 companies remained active in the trading, out of which 125 were in green, 260 in red, and 60 neutral.
The highest points of the market were recorded at 114,762.92 and the lowest at 333,205,128.
In the morning the market opened in green and gained up to 200 points, however, later it could not maintain the winning streak and started dropping points due to selling pressure.
Selling was observed in key sectors including commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks including HBL, MCB, NBP, MARI, OGDC, PPL, PSO, SHEL, and HUBCO traded in the red.
On Tuesday, the PSX benchmark KSE-100 Index closed marginally higher after selling in the second half erased most of its earlier gains. The KSE-100 settled at 114,528.09, up by 197.98 points or 0.17%.
