KARACHI: The Pakistan Stock Exchange (PSX) benchmark KSE-100 index closed in the red on Wednesday due to profit-taking by investors, as reported by ARY News.
The KSE-100 index dropped by 282.88 points, or 0.31%, ending the day at 92,021.44 points, down from the previous day’s close of 92,304.32.
During the trading session, 889.16 million shares were traded on the PSX, compared to 752.66 million shares exchanged the day before.
Analysts from Topline Securities noted that the stock market remained volatile, with the KSE-100 index reaching a high of 92,967 and a low of 91,891, as investors capitalized on profit-taking in large-cap stocks.
“Key stocks like SYS, UBL, BAHL, PPL, and OGDC collectively dragged the index down by 339 points. However, gains from LUCK, SAZEW, and KOHC helped reduce some of the losses, adding 94 points to the index,” they stated.
A total of 452 stocks were active on the PSX, with 201 advancing, 200 declining, and 51 remaining unchanged.
Bank of Punjab led the trading activity, with 88.68 million shares exchanged, followed by Cnergyico PK at 71.63 million shares, and Power Cement with 39.15 million shares.
This decline follows the KSE-100 index’s all-time high close during the previous session, where it added 366.32 points, or 0.4%, to reach 92,304.32 points, compared to the prior close of 91,938.01 points.
