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KARACHI: Failing to sustain the gains made in previous session, the Pakistan Stock Exchange (PSX) ended the last session of the week in red on Tuesday.
The index lost as much as 372.68 points in intra-day trading before finally settling over the 47,800 level. At close, the KSE-100 Index finished with a decrease of 283.50 points or 0.59% to finish at 47,828.71.
The KSE-100 has found major resistance at the 48,000-point level, staying range-bound for almost six weeks before Monday’s session took the index over the barrier. However, it took just one session for KSE-100 to fall back into familiar territory.
Among other indices, the KMI 30 index fell short by 732.57 points and closed at 77,788.92, while KSE All Share index declined by 157.04 points, ending at 32,659.55. Shares of 483 companies were traded on Tuesday, of which 171 registered an increase, 297 recorded a fall, while 15 remained unchanged.
Sectors dragging down the benchmark KSE-100 included banking (63.97 points), cement (62.48 points) and fertiliser (59.32 points).
Volume on the all-share index fell marginally from 397.69 million on Monday to 394.95 million on Tuesday. Meanwhile, the value of shares traded during the session declined to Rs13.67 billion, from Rs14.85 billion on Monday.
WorldCall Telecom remained the volume leader with 43.69 million shares, followed by Telecard Limited with 30.99 million shares, and Ghani Global Holding at 25.68 million shares.