The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 1,379.28 points, a negative change of 1.19 percent, closing at 114,153.16 points as compared to 115,532.43 points on the last trading day.
In a note, brokerage house Topline Securities said that market remained under significant pressure, as mounting uncertainty over potential US tariff measures reverberated across global financial markets.
In line with the negative trend witnessed in international equities, the local bourse experienced heightened volatility throughout the session, it added.
The major drag on the index came from UBL, ENGRO, OGDC, PPL, and SYS, which collectively contributed a negative impact of 639 points, it said.
A total of 448,693,567 shares were traded during the day as compared to 530,694,779 shares the previous trading day, whereas the price of shares stood at Rs. 26.585 billion against Rs. 33.676 billion on the last trading day.
As many as 450 companies transacted their shares in the stock market, 118 of them recorded gains and 281 sustained losses, whereas the share price of 51 companies remained unchanged.
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