KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened bearish shedding 141.70 points and also lost 42,000 mark and reach 41877 points level in early trading.
On Monday, the stocks witnessed an exceptionally dull session on first trading day of the week as the benchmark KSE 100-index lost 390 points and closed at 42,019 points.
Activity was slowest in over two years; first day of October saw only $38.2m (down 26% d/d) exchanging hands as ex-Prime Minister made a court appearance.
Market participants said CPI numbers for the month of Sep-2017 were released yesterday that clocked in at 3.86%. Selling pressure was also witnessed in the cement sector where LUCK (down 2.60%), CHCC (1.73%), FCCL (2.00%) and POWER (1.94%) closed in the red trajectory.
Scrips of total 378 active companies were traded in the session of which 254 concluded in the decline, 109 in advance while 15 remained unchanged.
Average daily volume shrunk by 49% DoD to 89m shares along with average traded value that clocked in at Rs4b/USD38m, down by 26% DoD. Volume leaders were CWSM (6.3%), TRG (6.3%), NCL (5.2%), KEL (5.1%) and BGL (4.4%), contributing 27.4% of total volume.
