Stocks lose 170 points amid political uncertainty.

KARACHI -- The Pakistan Stock Exchange (PSX) failed to sustain gains accumulated in early trade on Wednesday, as political uncertainty amid corona crisis and border skirmishes between China and India cumulatively dented the investor sentiment.

Foreign investors remained net sellers in the last session (Tuesday), registering a net outflow of $1.57 million.

'The benchmark KSE-100 Index opened the session on a positive note, recording its intraday high at 34,396.38 after gaining 377 points, but BNP Mengal's decision to leave the PTI coalition government caused jitters in the market,' said a report issued by Arif Habib Ltd. 'As a result, the index lost all gains made during the session and closed lower by 170 points at 33,848.68.'

Meanwhile, among other indices, the KMI-30 Index dropped 215.82 points to end at 53,882.23, while the KSE All Share Index lost 34.35 points, closing at 24,339.00. Of the total traded shares, 130 advanced and 191 declined.

The overall volumes surged from 217.92 million shares in the previous session to 340.65 million shares. Average traded value also increased by 55pc, from $39.4 million to $61...