KARACHI: The Pakistan Stock Exchange (PSX) remained bearish till midday and shed another 51603.62 points level on Wednesday.
Earlier, the stocks again started day on negative note as the benchmark 100-index shed 54 points to reach 51759 points level in early trading.
On Tuesday, the stocks remained volatile as KSE 100-index traded between an intraday high of 459 points and intraday low of 634 points to finally close at 51,813 points down 575 points) as some profit taking was witnessed throughout the day.
Profit taking was witnessed in fertilizer sector as sector heavy weights, FFC (down 3.28%) and FFBL (0.67%), closed in the red zone. However E&P sector continued its previous day momentum as crude oil prices surged to trade at $49.18/bbl level. POL (up 1.55%) and PPL (0.55%) were the major gainers of the mentioned sector.
Total 397 active companies participated in the session, of which 154 finished in positive, 218 in negative while 25 remained unchanged. Market participation improved with volumes up 7% d/d to 378m shares, while traded value rose 1.3% to Rs23.4b.
