KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday closed negative, with the benchmark KSE-100 index shedding 76 points to finish at 42,546.
The index opened higher to hit a day’s high of 42,774 points but could not maintain the positive momentum and adopted a downwards trend for the rest of the session. The benchmark index hit a day’s low of 42,337 points before recovering ground.
In all, 133.7 million shares worth Rs5.3 billion were traded at the exchange. Of the 402 scrips traded in the day, 155 advanced, 222 declined and 25 remained unchanged.
The banking sector dominated trading with 31.7m shares traded, while the chemical and communication sectors followed with 12.3m and 11.9m shares traded respectively.
The stocks started day keeping previous day’s bullish note and gained 140 points to reach 42763 level in early trading. The PSX shed all the early gains and dropped 200 points till midday to drop to 42423 level.
On Tuesday, the bulls dominated the PSX with the benchmark KSE-100 index gaining 484 points to close at 42,623 points. The index opened higher and continued on an upward path for almost the entire session although volumes were on the lower side.
In all, 120.3 million shares worth Rs5.2 billion were traded at the exchange. Of the 362 scrips traded in the day, 211 advanced, 127 declined and 24 remained unchanged. The chemical sector dominated trading with 15.2m shares traded, while the cement sector followed closely with 15m shares traded.
