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PSX Dips 375 Points Amid Selling Pressure

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Pakistan Stock Exchange (PSX) opened with mixed trading on Wednesday.

The KSE-100 Index fell to 170,646.92 points, down by 374.85 or 0.22 percent from the prior close of 171,021.77. The index fluctuated between a high of 171,624.45 and a low of 169,932.00 during the session.

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Trading volume rose to 75.73 million shares.

Analysts said early gains couldn’t be maintained as investors chose profit-taking. The session was range-bound with selective buying in some stocks, while market sentiment remained cautious amid economic developments.

On the main board, PAKQATAR led gainers by 2.1 points. Notable risers included SPSL (+0.92), DCL (+0.55), TBL (+0.11), and OBOY (+0.33).

On the losing side, CNERGY (-0.12) and KEL (-0.05) fell.

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Recent quotes showed OGDC strong with a 1.67 point gain (0.52%) after discovering significant hydrocarbons at Bobi Deep-1 well in Sindh; AABS rose by 0.73 points. PAEL and PPL faced mild selling pressure.

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