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KARACHI: After trading in the green for almost the entire session, the Pakistan Stock Exchange (PSX) today (Tuesday) fell flat in the last hour amid selling pressure.
The benchmark KSE-100 Index remained in the green, for the most part, recording its intraday high at 43,709.71 after gaining 443.49 points. The index, however, lost momentum later in the day and fell to its low at 43,126.48 (-139.74 points). It finally settled lower by 15.38 points at 43,250.84.
Among other indices, the KMI-30 Index dropped 317.16 points to end at 70,324.46, whereas the KSE All Share Index gathered 59.65 points, closing at 30,313.95.
The overall market volumes surged from 629.33 million shares in the previous session to 701.91 million shares (+12pc). Average traded value also increased by 11pc, from $164.7 million to $182.3 million.
Sectors that dragged the benchmark to the red zone included cement (-67.53 points), oil and gas exploration (-64.36 points) and power generation & distribution (-49.69 points).
Losing 4.24 percent from its cumulative market capitalization, the refinery sector ended as the session’s worst performer, with Byco Petroleum Pakistan Ltd (BYCO -4.42 percent), Attock Refinery Ltd (ATRL -6.78 percent) and Pakistan Refinery Ltd (-6.38 percent) posting significant losses.
Equity markets around the world displayed a mixed trend, whereas crude oil prices moved north from the previous close; WTI crude price rising 0.36pc to $47.16 while Brent crude price increasing 0.28pc to $50.43.