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PSX again closes negative after losing 160.20 points

PSX again closes negative after losing 160.20 points

KARACHI: Pakistan Stock Exchange (PSX) witnessed a negative trend on Tuesday as the benchmark KSE-100 index plunges 160.20 points and closed at 33476.62 points.

The PSX registered negative trends at the start of trade today with the KSE-100 index showed a negative trajectory.

On Monday, the Pakistan Stock Exchange registered a bullish trend as the KSE-100 index gained 603 points to close at 33636 points. The PSX registered positive trends at the start of trade today with the KSE-100 index showed an upward trajectory.

Trading floor witnessed the highest volume since Oct 28, 2018. One of the major reasons was positive sentiments emanated from the PM’s visit to China which they believed will bring positive outcome for Pakistan.

Other reasons were PKR’s stability and investors’ confidence on a highly anticipated meeting of COAS with business community.

The Index traded in a range of 901.99 points or 2.73 percent of previous close, showing an intraday high of 33,850.28 and a low of 32,948.29.

Of the 98 traded companies in the KSE100 Index 82 closed up 14 closed down, while 2 remained unchanged. Total volume traded for the index was 247.15 million shares.

The most points added to the index was by PPL which contributed 45 points followed by BAHL with 40 points, LUCK with 37 points, UBL with 35 points and FFC with 33 points. Sector wise, the index was let down by Tobacco with 36 points.

The most points taken off the index was by PAKT which stripped the index of 25 points followed by PMPK with 11 points, COLG with 11 points, EFUG with 7 points and EFERT with 4 points.