PSX witnesses another bloodbath, index nosedives by 550 points

Karachi: Bearish trend continued to engulf Pakistan Stock Exchange (PSX) as benchmark KSE 100-index on Wednesday shed another 550 points and closed at 36,579 mark.

As per details acquired, economic uncertainty and negative forecasts of international financial institutions took a toll on benchmark KSE 100-index.

In overall 40,940 trades, a total of 7, 72, 99, 910 shares were traded, whereas the value of shares traded during the day stood at Rs 3.61 billion.

It is the third consecutive trading day that benchmark KSE-100 index ended on the negative note.

Earlier on Monday, the benchmark 100-index index failed to sustain even 37,000 points and ended at 36,974 points after losing 547 points.