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KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 index failing to sustain early gains, plunging nearly 390 points today.
At close, the benchmark KSE-100 index recorded a decrease of 389.90 points, or 0.85%, to settle at 45,292.87 points.
Investor sentiment remained low throughout the trading session with persistent selling in oil and gas marketing companies, exploration and production, cement and steel sectors.
Among technology stocks, TRG Pakistan closed below the previous day’s closing price whereas NetSol hit its upper circuit, the report said.
Overall trading volumes fell to 366.8 million shares compared with Monday’s tally of 409.1 million. The value of shares traded during the day was Rs17.3 billion.
Shares of 395 companies were traded. At the end of the day, 188 stocks closed higher, 191 declined and 16 remained unchanged.
Telecard Limited was the volume leader with 48.1 million shares, gaining Rs0.32 to close at Rs15.31. It was followed by Unity Foods with 43.4 million shares, gaining Rs0.61 to close at Rs32.12 and Flying Cement (R) with 26.6 million shares, losing Rs0.27 to close at Rs0.76.
