For the second consecutive session this week, shares at the Pakistan Stock Exchange (PSX) on Wednesday traded in the red as bears dragged the benchmark index down sharply by 753 points.

The KSE-100 index contracted by 753.26 points, or 1.16 per cent, to stand at 64,048.44 from the previous close of 64,801.70. It had reached a low of 63,856.51 during the session.

Shahbaz Ashraf, chief financial officer at FRIM Ventures, observed that the bourse closed in negative zone yet again, down by 1.2pc (754pts)........

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