Abb Takk News

Pakistan Stock Exchange Sheds 520 Points

KARACHI: Selling of shares continued at the stock market on Wednesday as the benchmark KSE-100 index dived nearly 800 points in intraday trading before recovering partially.

At close, the benchmark KSE-100 index recorded a decrease of 520.12 points, or 1.34%, to settle at 38,338.33.

Overall, trading volumes jumped to 147.9 million shares compared with Tuesday’s tally of 124.3 million. The value of shares traded during the day was Rs6.9 billion.

Shares of 348 companies were traded. At the end of the day, 80 stocks closed higher, 251 declined and 17 remained unchanged.