PSX remains volatile, sheds 248 points despite gains in early trading

PSX remains volatile, sheds 248 points despite gains in early trading

Business

Share prices of 59 companies down, 33 up, four remain unchanged

KARACHI (Dunya News) – Despite having a bright start, the Pakistan Stock Exchange (PSX) was down by 247.99 points, or 0.54 per cent, on Wednesday, notwithstanding the fact that International Monetary Fund (IMF) released $1.20 billion as first tranche after the new dal was approved by its executive board a day earlier.

At one point, the benchmark KSE-100 Index had touched a high of 45,970.99 and remained in the green zone but later slid into the negative territory after 2pm.

The KSE-100 was recorded at 45,266.96 – against the previous closing of 45,514.95 on Wednesday – by the time trading was closed for the day.

During the Thursday’s session, the KSE-100 Index saw the share prices of 59 companies going down, of 33 making gains and four remaining unchanged with a trading volume of 224,928,997.