The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Thursday, with the KSE-100 Index falling 3,078.55 points, or 1.79%, to close at 168,865.04.
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The benchmark index traded between an intraday high of 171,945.83 and a low of 168,471.78, compared with the previous close of 171,943.59.
Trading activity remained strong, with 628.67 million shares changing hands at a total value of Rs27.02 billion through 424,888 trades.
Market breadth was heavily negative as 406 stocks declined, 58 gained and 105 remained unchanged out of 569 traded companies, reflecting broad-based selling pressure.
| Market Summary Main Board | |||||
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
| CNERGY | 12.37 | 13.05 | 12.24 | -0.69 | 99,405,516 |
| TISL | 4.24 | 4.45 | 3.71 | 0.27 | 40,989,352 |
| MDTL | 6.7 | 6.85 | 6.2 | -0.13 | 29,478,820 |
| PRL | 80.93 | 86.5 | 79.25 | -5.23 | 28,133,370 |
| KEL | 6.81 | 7.12 | 6.77 | -0.22 | 28,003,900 |
| WTL | 1.09 | 1.13 | 1.08 | -0.03 | 25,240,828 |
| WAVESAPPR | 0.22 | 0.33 | 0.21 | -0.09 | 21,492,227 |
Cnergyico PK Limited (CNERGY) topped the volume chart with 99.4 million shares, closing at Rs12.37 after losing Rs0.69. TPL Insurance Limited (TISL) was among the notable gainers, rising Rs0.27 to Rs4.24 on 41 million shares.
Media Times Limited (MDTL) fell Rs0.13 to Rs6.70, while Pakistan Refinery Limited (PRL) declined Rs5.23 to Rs80.93 after trading as high as Rs86.50.
K-Electric Limited (KEL) dropped Rs0.22 to Rs6.81, while WorldCall Telecom Limited (WTL) fell Rs0.03 to Rs1.09. Waves Corporation (WAVESAPPR) also remained among the most actively traded stocks, with more than 21.4 million shares changing hands, closing at Rs0.22.
Earlier this week, KSE-100 Index closed lower, shedding 993.91 points, or 0.57%, to settle at 172,642.16, as broad-based selling pressure kept the Pakistan Stock Exchange (PSX) in negative territory.
The benchmark opened amid volatility and traded between an intraday high of 173,736.19 and a low of 171,490.63. It had closed at 173,636.07 in the previous session.
