KARACHI: Pakistan Stock Exchange (PSX) on Tuesday closed bearish after remaining positive all the deay as the benchmark KSE-100 index lost 79 points to close at 45,004 points in a range-bound session.
The index opened higher and touched the day’s high of 45,307 points before beginning to shed points and hit the day’s low of 44,936.
In all, 235.6 million shares worth Rs 9.4 billion were traded on the exchange as volumes picked up from Monday. Of the total of 358 traded scrips, 153 advanced, 179 declined and 26 remained unchanged.
Power sector dominated trading with 31.8m shares traded while chemicals, and food and personal care sectors followed with 31.6m and 30.3m shares traded, respectively.
Positive activity was observed in the K-Electric stock which surged around 4pc amid Shanghai Electric’s renewed commitment to buy the distribution company.
On Monday, the stocks closed positive as the momentum generated by the rupee’s devaluation in the previous week came to a halt.
After staying negative for a majority part of the session, however, late buying helped the KSE-100 Index end higher to finish positive for the fifth successive session. At the end of trading, the benchmark KSE 100-share Index finished with an increase of 53.35 points or 0.12% to settle at 45,083.57.
The benchmark KSE-100 Index consolidated its position above 45,000 points, supported by gains in oil stocks (+0.7%) as investors tracked the upsurge in international crude prices.
