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Monday, December 23, 2024  
20 Jumada Al-Akhirah 1446  

Bearish trend heavy as PSX down by 600 points

KSE-100 index showed a hike of 63,130.81 points on an intra-trading day
A stock broker reacts while monitoring the market on the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. Reuters
A stock broker reacts while monitoring the market on the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. Reuters

The Pakistan Stock Exchange (PSX) witnessed another session of decline on Wednesday as the KSE-100 Index lost nearly 600 points during trading.

Around 2:50pm, the index was trending at 62,249.09 level, a decrease of 583.94 or 0.93%. Earlier, the index hit an intra-day low of 61,082.50, down over 1,750 points.

Across the board selling had been witnessed with index-heavy sectors including automobile assemblers, cement, chemical, commercial banks, oil and gas exploration companies, OMCs, pharmaceuticals, and refinery trading deep in the red, Business Recorder reported.

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