Pakistan Stock Exchange (PSX) witnessed a strong bearish trend on Wednesday as the benchmark KSE-100 Index dropped 826.21 points to 132,576.98 points against 133,403.19 points in the previous session.
The trading started with a positive note; however, soon the selling pressure emerged, and the stock market plunged into the red and then remained in it for the entire session.
A total of 160,259,272 shares were traded during the day as compared to 323,030,548 shares the previous trading day, whereas the price of shares stood at Rs 14. 557 billion against Rs 23.176 billion on the last trading day.
As many as 477 companies transacted their shares in the stock market, 199 of them recorded gains and 254 sustained losses, whereas the share price of 24 companies remained unchanged.
Selling was seen in key sectors including commercial banks, fertilizer, oil, and gas exploration companies, and refineries. Index-heavy stocks, including ARL, NRL, MARI, OGDC, PPL, POL, MCB, MEBL, and UBL, traded in the red.