KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday succumbed to selling pressure after closing positive for five consecutive sessions and lost 300 points in topsy-turvy trading.
The benchmark KSE-100 index traded between hope and despair, which eventually let loose the bears, who pulled the bourse into the red.
The KSE-100 index opened lower, but it made frequent gains at regular intervals. The downtrend turned steeper at midday as the index once again failed to breach the 46,000-point mark.
At close, the benchmark KSE-100 index recorded a decrease of 299.71 points, or 0.65%, to settle at 45,682.11 points.
