KARACHI: The Pakistan Stock Exchange (PSX) Tuesday continued its bearish note and shed 257 points in early trading to reach 40067 points level.
On Monday, bearish trend continued at the PSX on first trading day of the week, as aggressive selling was observed throughout the day. The 100-share index lost 781 points and closed at 40,324 points likely on continued investors’ skepticism regarding the political scenario in the country.
Top 5 index point contributors were POL (up 2.1%), COLG (5%), THALL (1.2%), JLICL (2%) & MARI (0.3%), adding 48 points, while top 5 index laggards were LUCK (down 5%), UBL (3.3%), HBL (2.1%), HUBC (3.3%) & MCB (2%), withholding 273 points.
Sector wise, commercial banks took away 197 points, cements eroded 142 points and fertilizer detracted 81 points. While chemical and automobile parts cumulatively added 12 points to the index.
Average market volumes were down by 26% DoD, to 98.7m shares. On the other hand, average traded value was down by 76% DoD, at Rs6.3b/USD 59.9m.
