KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a tug of war between bulls and bears on Tuesday, with the indices swaying in both directions before landing in the red.
The index started off on a positive note, gaining 254.71 points and jumped to the day’s high of 44,594.66. However, failing to sustain its gains, the index fell to an intra-day low of 44,122.13, down 217.82 points.
At close, the benchmark KSE-100 index settled lower by 162.88 points or 0.37% at 44,177.07. Among other indices, the KMI-30 Index plunged 620.55 points to end at 71,273.17, while the KSE All Share Index dropped 58.75 points, closing at 30,213.22.
On the economic front, the current account deficit widened to $1.91 billion in November 2021, from $1.76 billion in October 2021, as imports outstripped strong exports and remittances.
Meanwhile, sectors wiping the gains of KSE-100 index included banking (70.65 points), oil and gas exploration (66.02 points), and fertilizer (44.11 points). Shares of 346 companies were traded on Tuesday, of which 145 registered an increase, 171 recorded a fall, and 30 remained unchanged.
Volume decreased, clocking in at 223.08 million on the all-shares index, down from 238.45 million on Monday. The value of shares traded declined to Rs8.7 billion, down from Rs9.4 billion.
WorldCall Telecom was the volume leader with 21.71 million shares, followed by TRG Pakistan Limited with 20.93 million shares, and Cnergyico PK Limited with 18.72 million shares.
