Bears controlled the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index lost over 1,900 points.
The KSE-100 Index gained over 1,500 points at one stage, before closing at 114,138 points, down 1,904 points or 1.67 percent.
A total of 1,099,982,065 shares were traded during the day as compared to 819,805,715 shares the previous trading day, whereas the price of shares stood at Rs 32.46 billion against Rs. 33.32 billion on the last trading day.
464 companies transacted their shares in the stock market today with 118 recording gains and 293 sustaining losses, whereas the share price of 53 companies remained unchanged.
Prime Minister Shehbaz Sharif, while addressing business persons at PSX today, admitted that the current tax slabs are prohibitive, impacting business operations and investments.
The premier said that the country is under an International Monetary Fund (IMF) programme and has to honor its commitments with the lender.
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