Benchmark KSE-100 Index slips to 170,647 amid cautious investor sentiment and volatile trading
Image:Reuters
The Pakistan Stock Exchange (PSX) remained under pressure on Wednesday as the benchmark KSE-100 Index declined by 374.85 points to close at 170,646.92.
KSE-100 Index traded in a volatile range, touching an intraday high of 171,624.45 before slipping to a low of 169,932.00.
Market sentiment stayed cautious as investors opted for profit-taking after recent gains, according to analysts.
Trading activity improved, with volume rising to 75.73 million shares on the main board.
Selective buying was seen in a few stocks, while broader market momentum remained weak.
In key movers, Oil & Gas Development Company Limited gained after reports of a new hydrocarbon discovery in Sindh.
However, selling pressure was observed in select energy and power stocks, limiting overall upside in the session.
