PSX sheds 333 points

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The Pakistan Stock Exchange (PSX) remained bearish due to MSCI’s decision on re-classification of PSX to Frontier Markets (FM) Index from the Emerging Markets (EM) Index on Wednesday, with the benchmark KSE-100 Index shedding 333.25 points (-0.71 percent) to close at 46,396.71 points.

The market opened on a positive note and gained around 145 points before switching towards the red zone where it stayed till end of the session.

The KSE-100 Index moved in a range of 565.6 points, showing an intraday high of 46,875.4 points and a low of 46,309.8 points. Among other indices, the KSE All Share Index shed 192.47 points (-0.6 percent) to close at 31,926.68 points, while All Share Islamic Index shed 260.03 points (-1.12 percent) to close at 22,959.6 points.

A total of 387 companies traded shares in the stock exchange, out of them shares of 123 closed up, shares of 249 closed down while shares of 15 companies remained unchanged. —TLTP

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