Pakistan Stock Exchange (PSX) continued the bullish trend for the fourth consecutive day on Thursday as the benchmark KSE-100 dropped 150.53 points to 147,343.50 points against 147,494.03 points in the previous session.
The stock market opened in the green and gained over 300 points in the early trading, but could not maintain the rally after a profit-taking trend emerged.
A total of 304,666,346 shares were traded during the day as compared to 856,664,471 shares on the previous trading day, whereas the price of shares stood at Rs 21.288 billion against Rs 29.286 billion on the last trading day.
As many as 474 companies transacted their shares in the stock market, 238 of them recorded gains and 201 sustained losses, whereas the share price of 35 companies remained unchanged.
On Wednesday, PSX extended its losing streak for a third consecutive session, as investors grappled with rollover pressures, a weak economic outlook, and a national flood alert. The benchmark KSE-100 Index tumbled 941.03 points, or 0.63%, to close at 147,494.03.
