KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) dropped into negative territory after initial gains as market is facing slow trading activity on Tuesday.
The KSE-100 started the day with gains as it moved up by over 800 points to reach 183,216. However, it hit the reverse gear due to selling pressure, slipping the market into red. The benchmark index has shed 39 points to reach 182,301.33 points compared to previous close 182,340.38 points.
A day earlier, the benchmark KSE-100 Index witnessed a bearish trend, losing 1,789.20 points, a negative change of 0.97 percent, to close at 182,340.38 points compared to 184,129.58 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 931.362 million shares with a traded value of Rs 58.875 billion, against 1,272.641 million shares valuing Rs 60.359 billion in the previous session.
Market capitalization declined to Rs 20.710 trillion from Rs 20.882 trillion a day earlier.
Out of 481 active companies in the ready market, 161 advanced, 278 declined, while 42 remained unchanged.