The Pakistan Stock Exchange experienced a bearish trend as shares at the benchmark index fell by over 4,000 points.

According to the PSX, the KSE-100 index fell by 4795.32 points to close at 106,274.97 points as compared to 111,070.29 points on the last trading day.

A total of 1,167,361,955 shares were traded during the day as compared to 1,111,921,053 shares the previous trading day, whereas the price of shares stood at Rs56.797 billion against Rs60.242 billion on the last trading day.

As many as 472 companies transacted their shares in the stock market, 66 of them recorded gains and 371 sustained losses, whereas the share price of 35 companies remained unchanged.

The three top trading companies were WorldCall Telecom 177,645,248 shares at Rs1.52 per share, K-Electric Limited with 81,901,542 shares at Rs5.22 per share and Cnergyico PK with 68,345,098 shares at Rs5.84 per share.

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Benchmark index of PSX stays bearish, loses 265 more points

Shares at PSX lose over 1,000 points in intraday

Market experts indicate that a correction is underway in the stock market, although a swift recovery is anticipated in the near future.