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.
