Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on Thursday experienced another bearish session as the benchmark KSE-100 Index shed 266 points, or 0.66 per cent, to close at 40,237 points.

The index saw some positive activity in the first few minutes of the trading, but failed to sustain the momentum. The index hit a day's high at 40,792 points but eventually slid to the day's low at 39,834 points in the second half of the session.

The communication sector led the market with 17mn shares, followed by the power generation and the engineering sector with 15mn and 13.3mn shares.