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PSX drops 312 points in volatile session

MM News Staff by MM News Staff
January 2, 2024
Reading Time: 1 min read

The benchmark KSE-100 Index lost more than 300 points during trading on Tuesday, bringing gloomy mood back to the Pakistan Stock Exchange (PSX) a day after it had the second-highest point gain.

At close, the index settled at 64,349.60 level, a decrease of 312.18 points or 0.48%.

Index-heavy industries that saw selling included automakers, cement, chemicals, commercial banks, oil and gas exploration firms, oil and gas manufacturing corporations, and the refinery sector, all of which had negative trade.

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Meanwhile, volume on the all-share index increased to 671.7 million from 625.1 million a session before.

The value of shares improved to Rs24.5 billion from Rs18.5 billion in the previous session.

K-Electric Ltd was the volume leader with 79.9 million shares, followed by WorldCall Telecom with 46.5 million shares, and B.O.Punjab at 34.9 million shares.

Shares of 378 companies were traded on Tuesday, of which 105 registered an increase, 252 recorded a fall, while 21 remained unchanged.

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