Stock analyst Jeewan told APP that the selling by major investors in the selected sectors in the local markets caused bearish trend.

He said that the decrease in the volume indicated the less participation of investors in the market.

"The investors preferred to off-load positions rather than taking new positions", he added.

Total volume of shares traded was 84,054, which was down by 207,375 as compared to a day earlier's closing.

Out of 133 companies' shares traded, the price of 70 was increased while the price of 63 decreased.

The price top gainer Mitchell's Fruit Farms was increased by Rs.8.74 while the price of top loser Unilever Pakistan decreased by Rs.166.78.

NIB Bank, D.G Khan Cement and Byco Petroleum remained volume leaders on Wednesday, with 49,990, 10,100 and 9,784 shares respectively.