Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on Tuesday witnessed bearish trend as the benchmark KSE-100 Index closed below the 40,000 points barrier after losing 707 points to reach 39,617 points.

The index had dropped to a low of 39,557 towards the tail end of the session, before recovering slightly. Its opening level remained the day's high.

KSE-100 volumes climbed to 93 million, compared to 53m a day earlier. Likewise, the value of shares traded swelled to Rs8.3 billion from Rs5.4bn the previous day. Of the 346 symbols traded, only 81 advanced, 251 declined and 14 remained unchanged.