KARACHI: The benchmark KSE-100 index extended losses on Wednesday and closed down 400 points as the much-awaited monetary policy announcement, which came on Tuesday evening, failed to enthuse market participants.
At close, the benchmark KSE-100 index recorded a decrease of 400.49 points, or 0.95%, to settle at 41,898.70.
Overall, trading volumes increased to 197.1 million shares compared with Tuesday’s tally of 189 million. The value of shares traded during the day was Rs7.4 billion.
Shares of 353 companies were traded. At the end of the day, 106 stocks closed higher, 236 declined and 11 remained unchanged.
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BY ARSALAN