The Pakistan Stock Exchange (PSX) turned to profit-taking in a volatile session on Wednesday after five successive green sessions, with the benchmark KSE-100 Index shedding 80.48 points (-0.17 percent) to close at 47,032.44 points.
The market opened on a positive note and gained over 200 points; however, later the market switched between the red and green zones throughout the session.
However, the market managed to close above the 47,000 point barrier on the prospects of resumption of $6 billion Extended Fund Facility by the International Monetary Fund (IMF) and Prime Minister Imran Khan’s relief package for the people.
The KSE-100 Index moved in a range of 348.8 points, showing an intraday high of 47,317.2 points and a low of 46,968.4 points. Among other indices, the KSE All Share Index shed 42.66 points (-0.13 percent) to close at 32,053.55 points—TLTP
