KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday fell flat after a range-bound session, with the benchmark KSE-100 Index seeing all its intra-day gains erased as volume and value of shares traded improved from the last session.
The market opened on a positive note over the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) decision to keep the policy rate unchanged at 9.75%, allowing the benchmark index to accumulate 331.52 points to record an intra-day high of 45,255.92.
However, the benchmark KSE-100 index failed to sustain the gains. It settled lower by 36.14 points at 44,887.77. Among other indices, the KMI-30 Index gained 55.84 points to end at 73,037.24, while the KSE All Share Index closed lost 52.01 at 30,734.28.
Volumes increased, clocking in at 207.04 million on the all-share index, up from 160.21 million on Monday. The value of shares traded increased substantially to Rs8.12 billion, up from Rs5.74 billion a day ago.
Waves Singer was the volume leader with 20.03 million shares, followed by TRG Pakistan Limited with 11.11 million shares, and Treet Corporation with 9.38 million shares.
Shares of 333 companies were traded on Tuesday, of which 148 registered an increase, 161 recorded a fall, and 24 remained unchanged.
