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PSX jumps to bullish trend in morning ends with bearish trend in evening

ISLAMABAD: The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 310.21 points, closing at 95,546.46 points.

The PSX benchmark KSE-100 Shares Index retreated to 95,546.45 points, down 310.21 points or 0.32%, after hitting a day high of 96,711.33 points.

While the rally reflects broad-based optimism, market correction emerged midday.

Moreover, the highest peak of the day remained 96, 711 and the lowest level was 95,311.

A total of 1,138,411,946 shares were traded during the day whereas the price of shares stood at Rs 37.481 billion.

As many as 456 companies transacted their shares in the stock market, 156 of them recorded gains and 251 sustained losses, whereas the share price of 49 companies remained unchanged.

In the morning Pakistan Stock Exchange benchmark KSE-100 Index reached a record high of 96,707.00 points during intraday trading but bullish trend could not continued till evening.