KSE-100 plunges amid profit-taking sentiments

Karachi: Stocks faced bearish sentiments at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 closed with a loss of nearly 160 points on Wednesday.

The index witnessed an upward momentum in the initial stage, but later slipped lower throughout the trading session. At close, the benchmark index settled at 72,601.82, a decrease of 159.38 points or 0.22%.

Selling pressure was witnessed in key sectors including automobile assemblers, cement, commercial banks, OMCs and refineries, while index-heavy stocks including, SNGPL, SSGC, SHEL and PSO settled in the red.