KARACHI: The Pakistan Stock Exchange (PSX) succumbed to selling pressure on Thursday as the market once again fell below the psychological barrier of the 44,000-point mark.
Oil and gas marketing companies remained under pressure on the back of the decision taken by the government to reduce the prices of petroleum products. Resultantly, all scrips, other than Burshane LPG, closed the session in the red.
Moreover, continuous depreciation in the Pakistan rupee against the US dollar coupled with uncertainty regarding current account data which is scheduled to be released next week kept the investors jittery during the session and forced them to remain on the sidelines.
Today, the benchmark KSE-100 index fell by 635.66 points, or 1.43%, to close at 43,731.20 points.
Shares of 345 companies were traded during the session. At the close of trading, 86 scrips closed in the green, 248 in the red, and 11 remained unchanged.
Overall trading volumes dropped to 312.07 million shares compared with Wednesday’s tally of 398.09 million. The value of shares traded during the day was Rs10.12 billion.
