Pakistan Stock Exchange (PSX) witnessed a strong bearish trend on Tuesday as the benchmark KSE-100 Index dropped 1415.24 points to 137,964.81 points against 139,380.05 points in the previous session.
Though the stock market opened with a positive note and gained over 500 points in the early trading but after that a strong selling pressure emerged and forced the market to fall into the red. The high of the day was 140,331.01 points. and the low was 137,636.37 points.
A total of 139,380.05 shares were traded during the day, as compared to 589,306,106 shares the previous trading day, whereas the price of shares stood at Rs 22. 378 billion against Rs 34.562 billion on the last trading day.
As many as 484 companies transacted their shares in the stock market, 108 of them recorded gains and 350 sustained losses, whereas the share price of 26 companies remained unchanged.
On Monday, PSX saw modest upward momentum, fueled by investor interest in cement and technology stocks ahead of the monetary policy announcement and key corporate earnings. The benchmark KSE-100 Index gained 172.77 points, or 0.12%, to close at 139,380.06 points.
