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PSX witnesses another bearish day, loses 193pts

PSX witnesses another bearish day, loses 193pts

KARACHI: The Pakistan Stock Exchange on Tuesday witnessed a bearish session and the benchmark KSE 100-share Index shed another 193.36 points or 0.5% to settle at 38,115.81.

Volume charts were led by K-Electric (+2.93%), Bank AL Habib (-0.69%), The Bank of Punjab (-1.39%) and Engro Polymer and Chemicals (+1.65%). These collectively contributed nearly 30 million shares or 30% of the total traded volume in the regular market.

Overall, trading volumes increased to 90.6 million shares compared with Monday’s tally of 66.8 million. The value of shares traded during the day was Rs4.13 billion.

Shares of 332 companies were traded. At the end of the day, 111 stocks closed higher, 194 declined and 27 remained unchanged.

K-Electric was the volume leader with 14.29 million shares, gaining Rs0.17 to close at Rs5.97. It was followed by Bank AL Habib with 5.67 million shares, losing Rs0.51 to close at Rs73.49 and The Bank of Punjab with 5.65 million shares, losing Rs0.18 to close at Rs12.77.