Bearish trend at PSX, KSE-100 index shed 574.68 points

Bearish trend at PSX, KSE-100 index shed 574.68 points

Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on Tuesday ended session on a negative note as the benchmark KSE-100 index shed 574.68 points, or 1.10 per cent, to close at 51,813.19 points.

Volumes were led by chemical and engineering stocks as the market reacted to Pakistan's inclusion into the MSCI Emerging Markets Index.

About 120.5 million shares of KSE-100 index companies changed hands by the end of the session, with a total worth of nearly Rs 16.72 billion.

Overall, trading volumes rose to 378 million shares compared with Monday’s tally of 352 million.

Shares of 397 companies were traded. At the end of the day, 154 stocks closed higher and 218 declined while 25 remained unchanged. The value of shares traded during the day was Rs 23.4 billion.