Advertisement
Categories: NewsPakistan

PSX Dips 375 Points Amid Selling Pressure

Advertisement

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.

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.

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.

Advertisement
News Desk

Recent Posts

EU Welcomes Taliban Delegation in Brussels for First Meeting

Delegation from Afghanistan's Taliban Meets with EU Officials in Brussels On Tuesday, a delegation from…

10 minutes ago

UN Chief Urges AI Firms to Reveal Environmental Costs

United Nations Urges AI Firms to Disclose Environmental Impact The United Nations has called on…

22 minutes ago

China Tops Supercomputer List, AI Focus Unclear

China has claimed the top spot on the list of the world's fastest supercomputers, overtaking…

1 hour ago

Select IPO oversubscribed by 3.2 times

Select Technologies Limited’s Initial Public Offering book-building process was fully subscribed at Rs34 per share,…

2 hours ago

Six Arrested in Sargodha Child Murder Case, Including Prime Suspect Arsalan

On Tuesday, police arrested six individuals, including the prime suspect Arsalan, linked to the rape…

2 hours ago

India Plans High-Risk Everest Mission to Recover ‘Green Boots’ Body After 30 Years

Indian authorities are planning an operation to recover the frozen body of a climber who…

3 hours ago