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Bears Return to PSX, as Sheds 22 Points

KARACHI: After a day’s respite, the benchmark KSE-100 index once again entered the negative territory on Wednesday, shedding 22 points in volatile trading.

A fall in Asian markets, coupled with declining crude oil prices, took its toll on Pakistan market as investor sentiment weakened.

At close, the benchmark KSE-100 index recorded a decrease of 22.50 points, or 0.06%, to settle at 37,673.25.

Overall, trading volumes decreased to 217.6 million shares compared with Tuesday’s tally of 274.5 million. The value of shares traded during the day was Rs11.8 billion.

Shares of 350 companies were traded. At the end of the day, 102 stocks closed higher, 227 declined and 21 remained unchanged.