KARACHI: Pakistan Stock Exchange witnessed yet another Red session withnegative sentiments.
In line with global market trends, the Pakistan Stock Exchange (PSX) endedanother session in the negative zone.
As per the analysts, the ongoing fear of global slowdown due to an increasein the number of coronavirus cases had triggered a fall in equities allaround the world. Moreover, the decline in oil prices also dented theinvestors’ confidence.
Meanwhile, foreign investors remained net sellers for the fifth successivesession on Tuesday.
A net outflow of $5.50 million was recorded with major selling in banking ($2.11 million) and cement ($1.40 million) sectors.
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Losing 784.29 points, the KSE-100 Index touched at its intraday low at38,074.16. Amid lack of positive triggers, it settled lower by 520.12points at 38,338.33.
Among other indices, the KMI-30 Index declined by 1,051.92 points or 1.72pcto end at 60,119.88, while the KSE All Share Index fell by 331.03 points,closing at 26,687.95. Out of the total traded shares, 77 advanced and 227declined.
The overall market volumes improved from 124.35 million in the previoussession to 147.80 million. Shares worth $ 49.63 million were traded onWednesday. Unity Foods Limited (UNITY -0.74pc) topped the volume chart,followed by Hascol Petroleum Limited (HASCOL -4.27pc) and TRG PakistanLimited (TRG -4.15pc). The scrips had exchanged 29.78 million, 10.38million and 7.49 million shares, respectively.
