PSX shows bearish trend as KSE-100 index shed 748 points

PSX shows bearish trend as KSE-100 index shed 748 points

Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on Tuesday showed bearish trend as benchmark KSE-100 index shed 748 points to close at 34,949 — down 2.14 per cent.


The index witnessed a slight upwards movement at the start of the session, gaining 12 points to 35,709 points. However, bears swiftly returned, forcing the index to hit the low of 34,900 points.

As many as 122.8 million shares of benchmark index companies changed hands during the session. The value of shares traded remained at Rs6.9 billion.

Fauji Cement Company Ltd (FCCL) remained the top active stock with 12 million of its shares traded. The value of its shares decreased by 5.19pc. It was followed by the Bank of Punjab (BoP), whose 10.3m shares were traded; the value of its shares decreased by 2.7pc. Unity Foods Ltd (UNITY) was third with 7.9 million of its shares traded, and its value lessening by 6.7pc.