MM News

KARACHI: The Pakistan Stock Exchange (PSX) today (Tuesday) continued its downward trend with the benchmark index closing the day just over 40,000.

The benchmark KSE 100 Index lost 203 points, or 0.51%, by the close of trading to reach 40,006. The benchmark KSE-100 Index remained in the red almost the entire session, recording its intraday low at 39,645.73 after losing 564.09 points. Failing to recover the losses, it settled lower by 203.15 points at 40,006.67.

Among other indices, the KMI-30 Index plunged 396.29 points to end at 63,775.16, while the KSE All Share Index lost 139.27 points to close at 28,372.12.

The overall market volumes fell from 376.40 million shares in the previous session to 290.07 million shares (-23pc). Stocks of 355 companies were traded, of which 127 gained in value, 210 declined and 18 remained unchanged.

Sectors that drove the index south included oil & gas exploration (-68.28 points), banking (-31.90 points) and fertilizer (-30.48 points). Volumes were led by Hascol, with 43.8 million shares traded.

TRG Pakistan, Unity Foods Limited, K Electric and Pakistan International Bulk Terminal (PIBTL) closed out the top five symbols traded, with volumes of 28.5m, 19.1m, 15.6m and 14.1m, respectively.