Pakistan Stock Exchange down 254 points

KARACHI:  A red day was seen at the Pakistan Stock Exchange with the 100 Index shedding 254 points on profit taking 

Investors were buying stocks the other day, but booked profit today. Index closed in the first trading session falling 59 pips but the intensity increased in the second session.

Investors traded Rs.16 billion worth of 529 million shares during the day. Shares of 398 companies were active, 225 closed in red and 162 closed the day in green. According to Global Securities day wrap report, selling was witnessed from foreign investors on political chaos.