Stocks extended the decline yesterday with the KSE-100 index losing another 209.14 points or 0.68 per cent to close at 30,667.14.
Market saw intense volatility as it traded in the band of 579 points, climbing initially by 266 points and plunging later by 313 points intra-day.
The KSE was hit by net selling by foreign investors in the huge sum of $19.42 million on Wednesday, including which the month-to-date foreign outflow stood at $52.75m.
It was exacerbated by the perceived mandatory selling, by a major Islamic Bank, of five heavyweight oil and gas sector stocks, being Shariah non-compliant.
All 13 listed stocks on the oil and gas sector ended in the red on Wednesday.
Volumes declined to 199m shares, from 263m shares traded the previous day.
