KARACHI: The Pakistan Stock Exchange (PSX) again witnessed bearish note and shed 186 points to drop to 44728 points level till midday on Wednesday.
Earlier, the stocks gained 58 points in early trading to reach 44972 points level.
On Tuesday, the bloodbath activity was witnessed at the PSX as aggressive selling was observed in the latter hours of the day, dragging down the benchmark 100-share index by 1,679 points. The index closed at 44,914 points.
Top 10 index point losers were HBL (slip 4.9pc), OGDC (4.8pc), MCB (5pc), ENGRO (4pc), LUCK (3.5pc), PPL (4.6pc), FFC (5pc), DGKC (4.3pc), POL (4.2pc) and UBL (1.9pc), which cumulatively eroded 742 points from the index. Within the 100 index constituents, 88 scripts closed lower, nine were unchanged while only three were positive. On the sector front, Banks shed 418 points, E&P’s 217 points, Cement 214 points, Fertiliser 187 points, OMC’s 108 points and Auto Assemblers 95 points.
Scrips of total 386 active companies traded in the session of which 343 finished in negative, 25 in positive while 18 remained unchanged. Market participation shot up as volumes spiked 73pc to 295m shares, while traded value rose 42pc to Rs13b.
