Karachi: Pakistan Stock Exchange (PSX) reflected negativity witnessed in global markets, as benchmark KSE-100 index shed over 900 points during trading.

KSE-100 started day with strong selling pressure that largely continued throughout session. At close, benchmark index settled at 74,666.66, down by 908.60 points or 1.20 percent. Selling pressure was witnessed in key sectors including cement, chemical, commercial banks, fertiliser, oil and gas exploration companies, OMCs and refineries. Index-heavy stocks including PRL, OGDC, PPL, HBL, MEBL, and NBP were in red. Volume on all-share index decreased to 414.48 million from 441.26 million session ago. Value of shares declined to Rs 18.31 billion from Rs 18.63 billion in previous session. Fauji Cement was volume leader with 36.62 million shares, followed by K-Electric Ltd with 35.2 million shares and WorldCall Telecom with 21.70 million shares. Shares of 452 companies were traded, of which 99 registered an increase, 280 recorded fall, while 73 remained unchanged. “Bearish sentiment at local bourse is being driven by negativity in neighbouring countries’ market,” Sana Tawfik, an analyst at Arif Habib Limited (AHL) said. Nifty index dropped as much as 5.43 percent to 22,000.60 points while BSE index fell to low of 72,337.34 points, down 5.4 percent on day.