KARACHI: The Pakistan Stock Exchange (PSX) reversed its trajectory on Wednesday and the KSE-100 Index receded 0.2% in a roller-coaster session.
The hybrid of upside and downside pressures made the market rise in the first half and fall in the second one.
As a result, the KSE-100 finished the day with a decrease of 83.1 points or 0.2% to close at 41,435.13.
Trading began with a jump and the KSE-100 Index climbed until midday. A selling spree emerging towards noon, dragging the market lower.
Automobile, cement, fertiliser and oil sectors closed with losses, however, banking sector gained despite uncertainty.
Sectors dragging the benchmark KSE-100 Index downward included technology and communication sector (48.30 points), oil and gas exploration sector (26.39 points) and fertiliser sector (25.37 points).
Volume on the all-share index contracted to 220.6 million from 230.65 million on Tuesday. On the other hand, the value of shares traded dropped to Rs8.03 billion from Rs9.6 billion recorded in the previous session.
TPL Pakistan was the volume leader with 29.3 million shares, followed by Cnergyico PK with 17.9 million shares and Ghani Global Holdings with 9.7 million shares.
Shares of 337 companies were traded on Wednesday, of which 138 registered an increase, 165 recorded a fall, and 34 remained unchanged.
