KARACHI: The Pakistan Stock Exchange shed huge 1494 points to drop to 45099.16 points level till midday as volatility continued on Tuesday.
Earlier, the stocks started day on positive note and gained 164 points to reach 46758 points level in early trading.
On Monday, bear-urn continued as the benchmark KSE-100 index concluded the session at the level of 46,593.34 with a substantial decline of 265.22 points. Volatile trend was witnessed in the market as the index traded between an intraday high of 225 points and an intraday low of 546 points.
Worst index point performers were FFC (slip 3.4pc), HBL (1.1pc), SNGP (3.3pc), DGKC (2.6pc) and ENGRO (1.3pc), eroding 160 points, while OGDC (gain 1.6pc), MCB (1.7pc), POL (2.4pc), HUBC (1.4pc) and KTML (5pc) added 127 points. Within the sectors, Fertiliser shed 78 points, Cement 64 points, Auto Assembler 56 points, Bank 54 points and OMC’s 44 points; while E&P’s added 67 points, Textile 37 points, Technology 17 points & Power 17 points.
Volume traded increased to 170 million as compared to 130 million in the previous trading session. While traded value rose 22 percent to Rs9.1 billion.
