Karachi (Staff Report): Pakistan Stock Exchange (PSX) on Tuesday landed deep in the red as the benchmark KSE-100 Index lost 1,679 points.

A total of 135.2 million shares of KSE-100 companies changed hands during the session, with a total worth of nearly Rs 10.4 billion.

Commercial banks led the decline in the market, as sector heavyweights HBL (-4.9pc) and MCB (-5.0pc) lost value to close on their lower circuit, said a JS Global report.

Stocks of 391 companies in all were traded on the exchange, of which 32 gained in value, whereas 340 declined and 19 remained unchanged.