KARACHI — The Pakistan Stock Exchange (PSX) saw another volatile trading session on Wednesday, with the benchmark KSE-100 Index shedding 1,241.67 points, or 0.75%, to close at 164,444.71.
The session started positively, with the index reaching an intra-day high of 166,864.89. However, profit-taking in the latter part of the session pulled the market down, hitting an intra-day low of 164,261.65.
On the corporate front, Shan A. Ashary, director of KES Power Limited, refuted reports that Hasan Chishty had signed a Memorandum of Understanding (MoU) with a Saudi investor to sell his stake in the company. Ashary called the claims “misleading and factually incorrect.”
Despite the decline, trading volumes surged, and the market ended on a mixed note. The KSE-100 gained 210.36 points, or 0.13%, in the previous session, closing at 165,686.38.
