KARACHI: Bears continued their hold on the second consecutive day today (Tuesday) at Pakistan Stock Exchange (PSX), with the benchmark index once again succumbing to late selling pressure and closing in the red.
The benchmark KSE-100 Index swayed both ways, registering its intraday high at 43,478.97 (+145.21 points) and low at 42,757.49 (-576.27 points). It settled lower by 426.65 points at 42,906.94.
Among other indices, the KMI-30 Index lost 836.96 points to end at 69,695.75, while the KSE All Share Index dropped 287.91 points, closing at 30,199.26.
The overall market volumes increased from 516.44 million shares in the previous session to 560.35 million shares (+9 percent), whereas average traded value clocked in at $140.9 million as against $140.3 million (+0.4 percent).
Sectors that dragged the benchmark index to the red included banking (-88.59 points), oil and gas exploration (-60.93 points) and automobile assembling (-32.64 points).
Shedding 5.48 percent from its cumulative market cap, the refinery sector ended as the session’s worth performer, with Byco Petroleum Pakistan Ltd (BYCO -3.42 percent), National Refinery Ltd (NRL -7.14 percent), and Attock Refinery Ltd (ATRL -6.92 percent) posting significant losses.
Global equity markets displayed a mixed pattern, whereas crude oil prices continued to slip lower; WTI crude price declining 1.38pc to $47.32, while Brent crude falling 1.08pc to $50.36 (as at 3:53pm PST).
