Equities opened sharply lower on Wednesday morning as the Pakistan Stock Exchange (PSX) witnessed a steep decline, shedding over 2,500 points amid rising fears of a possible Indian strike across the Line of Control (LoC) within the next 24 to 36 hours.
By 9:40 AM, the benchmark KSE-100 index had fallen by 1,832 points, or 1.59%, to 113,040. The index showed some signs of recovery in the following 30 minutes.
At 10:20 AM, the KSE-100 index remained under pressure, down 1,531 points or 1.33%, standing at 113,340.
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However, by 10:48 AM, market sentiment worsened, pushing the index further down by 2,566 points, or 2.23%, to reach 112,306.
By press time, a total of 69.3 million shares valued at Rs. 4.58 billion had been traded. Out of 394 companies that exchanged hands, 75 posted gains, 305 recorded losses, and 14 saw no change in their share prices.
Top Volumes
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| CNERGY | 7.45 | 7.75 | 7.39 | -0.36 | 13,181,876 |
| WTL | 1.23 | 1.26 | 1.22 | -0.03 | 8,223,988 |
| MLCF | 66.9 | 69.0 | 66.0 | -2.02 | 4,473,350 |
| FFL | 14.47 | 14.92 | 14.35 | -0.49 | 4,066,812 |
| SNGP | 122.8 | 124.99 | 121.5 | -3.17 | 3,730,275 |
| FCCL | 42.4 | 43.48 | 41.75 | -1.33 | 3,585,093 |
| PREMA | 71.2 | 71.71 | 65.4 | 0.22 | 3,519,071 |
