Pakistan Stock Exchange (PSX) continued the bearish trend for the third consecutive session on Wednesday as the benchmark KSE-100 Index dropped 941.03 points, with a negative change of 0.63%, closing at 147,494.03 points against 148,435.06 points in the previous session.
At the onset, the stock market opened in the green and gained over 600 points; however, it fell in the red after a profit-taking trend emerged.
A total of 185,737,352 shares were traded during the day as compared to 665,420,243 shares on the previous trading day, whereas the price of shares stood at Rs18.113 billion against Rs 31.543 billion on the last trading day.
As many as 477 companies transacted their shares in the stock market, 129of them recorded gains and 312 sustained losses, whereas the share price of 36 companies remained unchanged.
On Tuesday, PSX closed the session on a negative note, with key indices retreating amid significant intraday volatility. The KSE-100 Index settled at 148,435.06 points, down 380.24 points or 0.26%.
