Bears tightened their grip on the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost over 1,500 more points on Thursday.
The benchmark index closed at 110,301 points, down 1,634 points or 1.48 percent over the previous day.
In a note, Brokerage House Topline Securities highlighted that KSE-100 index endured a turbulent session, plunging to an intraday low of 2,529 points before closing at 110,301 points.
“The persistent negative sentiment can be attributed to continuous institutional selling over the past week, which has severely dented investor confidence,” the brokerage house said.
The drop was largely driven by ENGOH, FFC, MARI, SYS, and PPL, which together contributed 675 points to the loss, it added.
A total of 598,930,638 shares were traded during the day as compared to 436,325,053 shares the previous trading day, whereas the price of shares stood at Rs 25.63 billion against Rs. 23.225 billion on the last trading day.
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