Karachi: Soon after taking a positive opening, the Pakistan Stock Exchange started shedding points as the benchmark 100-index dropped 119.30 points to reach 38350.52 points in early trading on Tuesday.
On Monday, the local equities started the week lower as profit-taking, mainly in financial stocks, pulled the benchmark KSE 100-share index below 38,500 points. At close, the Pakistan Stock Exchange’s benchmark index recorded a fall of 0.79% or 307.12 points to end at 38,469.82. Trade volumes rose to 149 million shares compared with Friday’s tally of 135 million.
Shares of 327 companies were traded. At the end of the day, 123 stocks closed higher, 184 declined while 20 remained unchanged. The value of shares traded during the day was Rs9.9 billion.
