KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 index failing to sustain early gains, plunging nearly 300 points intraday.
The benchmark KSE-100 Index moved in a narrow range today, registering its intraday high at 46,994.84 and low at 46,617.98. It settled lower by 188.56 points at 46,729.96.
Among other indices, the KMI-30 Index dropped 569.04 points to end at 76,470.32, while the KSE All Share Index lost 101.90 points, closing at 32,119.15.
Sectors that erased the gains of the KSE-100 index included cement (74.25 points), oil and gas exploration (39.26 points), and automobile assembling (31.53 points). Shares of 520 companies were traded on Tuesday, of which 129 registered an increase, 373 recorded a fall, while 18 remained unchanged.
Volume on the all-share index increased from 417.85 million on Monday to 423.75 million on Tuesday. The value of shares traded during the session, meanwhile, marginally declined to Rs11.29 billion from Rs12.03 billion on Monday.
TPL Corp Limited was the volume leader with 41.82 million shares, followed by Kohinoor Spinning with 33.72 million shares, and Pakistan International Airlines Corp at 29.77 million shares.