Pakistan Stock Exchange (PSX) witnessed another record breaking volume for the second consecutive day on Thursday, as number of shares traded at the bourse again crossed 1 billionmark. However, by the closing bell the benchmark index KSE-100 bled red and lost 588.77 points to clock at 46,055.52index level. On Thursday, the index remained volatile and oscillated between negative and positive territory,as it registered its intraday high at high at 46,935.32 after gaining 291.03 points, however losing its track, the index pared early gains amid selling pressure and touched intra-day and low at 45,960.44 after it lost 683.85 points. Investors remained cautious throughout the day, despite back to back impressive quarterly results as well as continued bull-run in international crude oil prices. During the early rally, Investors continued to take new positions, primarily in cement sector, following news reports of potential cement price hike and better than expected financial results, which lifted Lucky Cement, Fauji Cement Company Limited, Kohat Cement Company Limited, Cherat Cement Company Limited, withPioneer Cement Limited and DG Khan Cementhitting upper circuits. However, all the gains at the index were lost to heavy selling pressure in Exploration &Production, Oil & Gas Marketing Companiesscrips. Worldcall Telecom Limited again led the volume chart, with nearly 353 million shares, allowing the after yesterday’s noteworthy performance. It is interesting to note that Worldcall Telecom today issued a statement wherein it unequivocally denied fake and misleading information being spread through social media platforms, which according to the notification, was completely detrimental for the company. The volume table was also led by Telecard Limited and K-Electric Limited, as scrips exchanged 97.5 million and 47.09 million shares, respectively. The volume at Kse-100 increased from 314.4million shares recorded in the previous session, to 366.03million shares, while the all-share volume also stayed above 1 billion as recorded in the previous session. According to the National Clearing Company of Pakistan Limited, foreign investors continued bought $0.14million worth of shares. Among local investors, Insurance Companies and organizationsled the selling chart and offloaded $9.76 million and $1.07 million worth of equities. However, Individuals and Mutual Fundsmopped up $6.98 million, $2.01millionworth of equities.