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PSX plunges 203pts, down 0.64% on vigilant trading

PSX plunges 203pts, down 0.64% on vigilant trading

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 203.46points or 0.64 percent to reach 31469.70 points and volume of 65,788,880 shares on Wednesday.

High and low were 31705.86 and 31334.41 respectively. Total volume traded in the market was 65,788,880 shares.

On Tuesday, Opened with positive note, the Pakistan Stock Exchange (PSX) witnessed a rollercoaster day shedding 254.99 points to drop to 31673.16 points level at closing.

On Monday, the PSX closed bullish on strong valuations amid major recovery in global stocks and commodities. Global markets & international oil prices rallied, which led the PSX shares index to close up by 464 points or 1.47% at 31928.15 points level. Traded volume decreased by 26% to 89m shares, while traded value also decreased by 18.5% at Rs5.7b/$54m. Index heavy weights like PPL, OGDC and HBL rose by 3-5% yesterday which contributed to its rise. Total 329 active companies participated in the session, of which 214 closed in advance, 93 in decline while 22 went unchanged.