KARACHI: The bearish trend continued at the Pakistan Stock Exchange as it witnessed another 409 points loss till midday and dropped to 40707 points level on Wednesday.
Earlier, the stocks opened keeping previous day’s bearish trend and shed 68 points to reach 41048 points level in early trading.
On Tuesday, bear-run continued at the PSE as the KSE 100-share index shed another 903 points and closed at 41,116 points. It is market’s worst performance since 21st August, when KSE-100 officially plunged into bear market having shed 20% from peak (-22% now).
Top 10 index point decliners were HBL (down 2.8%), LUCK (5%), ENGRO (3.9%), PPL (3.1%), SNGP (5%), OGDC (2.2%), DGKC (5%), FFC (2.4%), DAWH (3%) & FCCL (5%); withholding 458 points. Banks shed 160 points, fertilizer 155 points, E&Ps 90 points & OMCs 80 points.
Traded daily volumes rose by 36% DoD to 121m shares. Likewise, average traded value clocked in at Rs6.7b, up by 68% DoD. Scrips of total 392 active companies were traded in the session of which 328 concluded in negative, only 51 in positive while 13 remained unchanged.
