Stock market opens on a cautious note after nearly 700 points loss

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a notable downturn on Wednesday (yesterday) as its benchmark KSE-100 index closed at 74,836.30 points, marking a decrease of 681.19 points.

Today (Thursday) the index opens at yesterday’s closing with a cautious approach due to yesterdays’ steep decline.

KSE-100 ends in red, shedding 681 points

Throughout the trading session, the index fluctuated within a range of 907.21 points, reaching an intraday high of 75,667.31 points, an increase of 149.82 points from the previous close, and the lowest of the day at 74,760.10 points, a decline of 757.39 points.

The total trading volume for the KSE-100 index reached 192.58 million shares.

The sectors pulling the index down included E&P, commercial banks, fertilizer, cement, and technology & communication. Conversely, the sectors providing support to the index were leather & tanneries, chemicals, insurance, and tobacco.