KARACHI: Pakistan Stock Exchange (PSX) on Wednesday showed a little bearish sentiment and KSE-100 index closedat 49,756.77 points with a loss of 212.15 points because of systematic correction in the exchange.
A prominent stock broker Abdul Karim Dhadhy told APP that slash in KSE-100 index was a result of the required correction. On Tuesday, KSE-100 index crossed psychological barrier of 50,000 points.
Speculators managed to push the index very high, he said.
According to PSX report, the market capitalization dropped by Rs 25.2524 billion. The trade volume also decreased by Rs 3.569 billion.
Thus, 50.68 million less shares were traded. In KSE-30 also, 114.62points decrease was recorded and it closed at 26655.42 points.
KSE’s All Shares Index witnessed the loss of 101.18 points.
