Staff Reporter
Karachi
The Pakistan Stock Exchange (PSX) extended its losses and retreated nearly 200 points on Wednesday in the absence of major positive triggers that could provide a direction to the market. A day ago, the bourse had dropped 469 points.
The benchmark KSE-100 index, following a brief open in the positive zone, crawled downwards. However, some of the losses were wiped off shortly afterwards and the bears and bull continued to wrestle for the rest of the session.
A buying spree at midday helped the market to inch up marginally. Despite weak investor sentiment, the automobile sector recorded gains.
At close, the benchmark KSE-100 index recorded a decrease of 194.97 points, or 0.47%, to settle at 41,186.86 points.
