KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) recorded significant decline as profit-taking by investors has erased early gains amid ongoing trading on Wednesday.
During intraday trading, the KSE-100 index surged to 171,932.62 points, registering gains in early sessions. However, the momentum was napped by investors started booking profits, dropping the index by 994.15 points to 169,453.14 points compare to previous close of 170,447.29.
Investors are cautious as the market continued to show volatility.
A day earlier, the benchmark KSE-100 Index closed bearish, shedding 294.05 points, a negative change of 0.17 percent, to settle at 170,447.30 points compared to 170,741.35 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 1,176.638 million shares with a traded value of Rs53.473 billion, against 905.685 million shares valuing Rs47.718 billion in the previous session.
Out of 482 active companies in the ready market, 161 advanced, 290 declined, while 31 remained unchanged.