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KARACHI: The Pakistan Stock Exchange (PSX) endured another volatile trading session on Tuesday, with the indices swaying both ways in search of a clear direction before finally settling flat due to political uncertainty.
As per details, Bears continued to dominate the PSX today, with the benchmark KSE-100 Index falling below the 44,000-mark. The benchmark KSE-100 Index remained in the red for almost the entire session, registering its intraday low at 43,946.30 after shedding 1,104.76 points. It settled lower by 828.15 points at 44,222.91.
Among other indices, the KMI-30 Index plunged 1,835.25 points to close at 73,074.05, while the KSE All Share Index dropped 582.39 points, ending at 30,382.52.
The overall market volumes improved from 459.82 million shares in the previous session to 491.70 million shares (+7pc). Average traded value, however, declined 5pc, from $157.6 million to $149.2 million.
Ghani Global Holdings (GGL +7.46pc), Unity Foods Ltd (UNITY -7.26pc) and TRG Pakistan Ltd (TRG -6.33pc) led the volume chart, exchanging 41.23 million, 33.32 million and 25.50 million shares, respectively.
Sectors that dragged the benchmark index lower included cement (-191.02 points), technology & communication (-145.78 points) and oil & gas exploration (-74.06 points).
Among the companies, TRG Pakistan Ltd (TRG -92.23 points), Systems Ltd (SYS -49.43 points) and DG Khan Cement Company Ltd (DGKC -47.02 points) dented the index the most.
Shedding 6.14pc from its cumulative market capitalization, the refinery sector ended as the session’s worst performer with Attock Refinery Ltd (ATRL -7.50pc), Pakistan Refinery Ltd (PRL -6.79pc), National Refinery Ltd (NRL -5.64pc) and Byco Petroleum Pakistan Ltd (BYCO -5.75pc) posting significant losses.
