Pakistan equities witnessed another sharp sell-off, with the market plunging on Wednesday amid intense selling pressure. The KSE-100 Index tumbled by 1,632 points (-0.98 percent), closing the session at 164,626 points.
Since hitting its peak of 189,000 a few weeks ago, the benchmark index has erased nearly 25,000 points.
During the earlier hours of trade, the main bourse briefly fell by 2,029 points (-1.22 percent) to as low as 164,229.
A total of 351 million shares were traded during the day. The price of shares stood at Rs. 25.2 billion.
Top Volumes
As many as 567 companies transacted their shares in the stock market, 143 of them recorded gains and 278 sustained losses, whereas the share price of 146 companies remained unchanged.
K-Electric (KEL) led the volumes chart third day in a row this week, recording over 99 million shares traded.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| KEL | 7.71 | 8.0 | 7.47 | 0.14 | 99,786,190 |
| CNERGY | 7.17 | 7.55 | 6.9 | 0.55 | 70,330,560 |
| FNEL | 1.48 | 1.64 | 1.45 | 0.01 | 33,421,278 |
| WTL | 1.32 | 1.38 | 1.31 | 0.01 | 28,889,284 |
| NBP | 262.35 | 270.7 | 260.1 | 11.08 | 27,953,901 |
| BOP | 29.52 | 30.94 | 29.34 | -0.18 | 25,128,535 |
| TELE | 8.93 | 9.37 | 8.64 | 0.56 | 24,633,523 |
