KARACHI: Pakistan Stock Exchange on Tuesday witnessed another profit-taking session as KSE-100 lost 33.27 points after euphoria over the International Monetary Fund (IMF) deal subsided.
The KSE-100 fell 33.27 points or 0.07% by closing at 45,009.34. The benchmark index, which increased by almost 9% following the IMF agreement earlier this month, finished in the red for the fourth session in a row.
Index-heavy auto, cement, engineering, OMCs, and chemical sectors closed in the red.
The market opened on a positive note, and the index hit an intra-day high of 45,240 before rupee’s intra-day fall acted as a trigger for some profit-taking.
Volume on the all-share index decreased to 254.96 million from 314.8 million on Monday. The value of shares traded increased to Rs7.32 billion from Rs6.77 billion in the previous session.
Bank of Punjab remained the volume leader with 29.93 million shares followed by WorldCall Telecom with 22.85 million shares and Waves Home Appliance with 8.6 million shares.
Shares of 332 companies were traded on Tuesday, of which 117 registered an increase, 193 recorded a fall and 22 remained unchanged.
