Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on Wednesday closed at negative note, as the benchmark KSE-100 Index lost 148 points, or 0.30 per cent to reach 48,909.10.

About 93.6 million shares changed hands in the session, with a total worth of nearly Rs 9.03 billion.

Volumes were led by commercial banks and textile composite company scrips as the benchmark index slowly descended into negative territory after making a brief 384 point jump early in the day.

Stocks of 380 companies were traded, of which 160 gained in value, 196 declined and 24 remained unchanged.