KARACHI: The Pakistan Stock Exchange (PSX) remained under pressure till midday and lost 31.45 points to drop to 39221.80 points level on Tuesday.
Earlier, the stocks opened positive but started shedding gains and dropped 57 points to reach 39196.37 points level in early trading.
On Monday, the PSX witnessed a weak session, as bears remained in control for majority of the day. Investors resorted to profit taking in early trading hours after indexes recorded several new all time highs in the past week. The benchmark KSE-100 index continued its range bound trading, as the index took a dip in the afternoon by 281 points to 38,905.61, but later recovered to touch intra-day high of 39,269.14, a gain of 76 points. The index closed marginally up at 39,253.25 after appreciation of 64.78 points. The advancers to decliner’s ratio stood at 153 to 147. The market volumes contracted from 199.80 million to 172.00 million.
