KARACHI: Pakistan Stock Exchange (PSX) fell 0.78% on Tuesday barely a day after KSE-100 Index posted massive gain of 2,446 points as profit-taking dominated the session.
The amount of shares exchanged and their value both increased dramatically from the previous session.
Profit-takers overcame the positive emotion that was sparked by the deal with Pakistani authorities and the International Monetary Fund (IMF) after an initial rise that saw the KSE-100 achieve an intra-day high of 44,511.52.
At close, the index finished with a decline of 341.99 points to settle at 43,557.02.
Sectors pulling the benchmark index lower included fertilizer (160.69 points), cement (76.42 points) and chemical (50.39 points).
Volume on the all-share index rose to 419.3 million from 381.9 million on Monday, while the value of shares traded jumped to Rs15.8 billion from Rs8.6 billion recorded in the previous session.
Pak Refinery was the volume leader with 44.2 million shares followed by Cnergyico PK with 42.4 million shares and WorldCall Telecom with 26.6 million shares.
Shares of 333 companies were traded on Tuesday, of which 103 registered an increase, 211 recorded a fall and 19 remained unchanged.
