KARACHI: The bearish note continued to persist till midday on Wednesday as the Pakistan Stock Exchange (PSX) benchmark 100-index lost 209 points, losing the psychological barrier of 39,000 points to reach 38999.87 points level.
Earlier, the PSX again started losing points soon after taking a ‘good start’ and shed 131.66 points to reach 39077.22 points level.
On Wednesday, the stocks witnessed a volatile session and the indexes traded in a narrow band. Moderate volumes were recorded but the index failed to find a clear direction. The KSE-100 index rose up into the green zone several times before it closed marginally down. The index traded in a limited range of 159 points with a high of 39,322.69 and a low of 39,208.88, down 44.37 points. The market volumes improved slightly from previous session to 178.07 million. The oil and gas marketing sector led the volume charts with 33.36 million shares exchanged. Sui Northern Gas Pipeline Limited (SNGP -0.96%) was top traded again but this time ended lower.
