Bearish trend drives PSX delow 181,000 points mark
Business
PSX saw a bearish trend on Thursday, with the KSE-100 index dropping 2,066.10 points to 180,983.70. Trading volume was 734.67 million shares, and market cap rose to Rs 20.710 trillion.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) experienced a bearish trend on Thursday, driven by selling pressure and cautious market sentiment.
During intraday trading, the KSE-100 index saw a sharp decline of 2,066.10 points, falling to 180,983.70 points. This represented a negative change of 1.13% from the previous close of 183,049.80 points.
The benchmark KSE-100 index on Wednesday witnessed bullish trend, gaining 896.25 points, a positive change of 0.49 percent, to close at 183,049.81 points compared to 182,153.55 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 734.671 million shares with a traded value of Rs 35.393 billion, against 1,062.309 million shares valuing Rs 37.883 billion in the previous session. Market capitalization increased to Rs 20.710 trillion from Rs 20.634 trillion a day earlier.
Out of 477 active companies in the ready market, 208 advanced, 223 declined, while 46 remained unchanged.
