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KARACHI: Bears maintained their control over the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index falling another 104 points as higher oil prices and rapidly rising Omricon cases dented investor sentiment.
During the session on Tuesday, KSE 100 moved within a band of nearly 300 points, hitting an intra-day high of 45,758.10 and intra-day low of 45,469.46. At close, however, the index finished at 45,507.41, a decrease of 104.79 points or 0.23%.
Meanwhile, sectors contributing to the market retreat included cement (74.81 points), power generation and distribution (40.79 points) and technology and communication (36.17 points).
Volumes decreased substantially, clocking in at 165.14 million on the all-share index, down from 173.5 million on Monday. The value of shares traded, however, increased to Rs7.6 billion, up from Rs6.104 billion a day ago.
TRG Pakistan Limited was the volume leader with 20.69 million shares, followed by WorldCall Telecom with 17.67 million shares, and Hub Power Co with 8.15 million shares.
Shares of 350 companies were traded on Tuesday, of which 129 registered an increase, 199 recorded a fall, and 22 remained unchanged.
