The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) saw range-bound trading on Tuesday due to bullish and bearish pressures. The index ended the day on a negative note.
The KSE-100 had a good start to the session, reaching a high of 64,786.35 intraday. Nevertheless, a late-day selling frenzy drove the index below 64,000 before some late-session buying lifted the KSE-100 back above 64,000 before it closed.
At close, the benchmark index settled at 64,170.58, down by 66.45 points or 0.10%.
A total of 448,990,545 shares valuing Rs.12.281 billion were traded during the day as compared to 484,012,978 shares valuing Rs. 12.744 billion the last day.
Some 352 companies transacted their shares in the stock market; 141 of them recorded gains and 187 sustained losses, whereas the share prices of 24 remained unchanged.
The three top-trading companies were K-Electric with 113,954,346 shares at Rs.5.75 per share, Hascol Petrol with 36,113,000 shares at Rs.8.00 per share and PIAC(A) with 19,810,500 shares at Rs.8.99 per share.
Sapphire Fibres Limited witnessed a maximum increase of Rs.119.00 per share price, closing at Rs.1,784.00, whereas the runner-up was Pak Suzuki Motor Company with a Rs.54.25 rise in its per share price to Rs.777.56.
Nestle Pakistan witnessed a maximum decrease of Rs.50.00 per share closing at Rs.8,200.00, followed by Bata Pakistan Limited with Rs.40.98 decline to close at Rs.1,678.01.
