KSE-100 index loses 451.12 points

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Staff Reporter

The stock market continued its descent on Wednesday, following a short-lived recovery a day ago, and fell 451 points owing to weak economic cues.

Following a brief open in the positive, the KSE-100 index entered the negative zone in initial trading.

Throughout the day, the index fell at a steady pace on negative news flow. Late session buying helped erase some of the losses.

At close, the benchmark KSE-100 index recorded a decrease of 451.12 points, or 1.02%, to settle at 43,953.58 points.

The cement sector performed well earlier in the session, however, the change in overall sentiment brought its stocks down, the report added.