KARACHI: The Pakistan Stock Exchange (PSX) saw a decline of 310.21 points on Wednesday, closing at 95,546.45.
Total trading volume surged to 1.14 billion shares, up from 830.93 million shares, with a turnover of Rs37.48 billion compared to Rs30.02 billion.
Out of 456 companies traded, 156 saw gains, while 251 recorded losses, and 49 remained unchanged.
According to Topline Securities, market volatility increased as the index hit a high of 96,711 and dipped to a low of 95,312, with investor caution heightened ahead of the November 24 political protest.
Additionally, foreign corporate selling pressured the market, with heavy losses from major stocks such as SYS, HBL, LUCK, MCB, and SNGP dragging the index down by 348 points. However, gains from FFC, COLG, and KAPCO contributed a combined 354 points, partially offsetting the losses.
Separately, The Pakistan Stock Exchange benchmark index surged 1,040 points on the second business day, reaching a record high of 96,036 points, surpassing the previous day’s closing at 94,995 points.
