KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed accelerated selling pressure as the benchmark KSE-100 index registered a loss of 708 points.
At close, the benchmark index was at 46,770.4 level, a decrease of 708 or 1.4%.
On Monday, KSE-100 Index closed lower by nearly 200 points, weighed down by collective pessimism over rupee’s record fall and lack of positive triggers.
On Tuesday, across-the-board selling was witnessed, with index-heavy sectors including automobile assemblers, chemical, cement, commercial banks, oil and gas exploration companies, OMCs, and refinery sector trading in the red zone.
Volume on the all-share index increased to 217.85 million from 184.13 million on Monday.
The value of shares rose to Rs8.281 billion from Rs6.465 billion in the previous session.
WorldCall Telecom remained the volume leader with 27.409 million shares, followed by K-Electric Ltd. with 14.732 million shares and Dewan Motors with 9.55 million shares.
Shares of 328 companies were traded on Tuesday, of which 62 registered an increase, 244 recorded a fall, and 22 remained unchanged.
