KSE-100 index plunges by 1,679 points on selling pressure

KSE-100 index plunges by 1,679 points on selling pressure

KARACHI: Pakistan Stock Exchange (PSX) closed witnessing negative sentiments on Tuesday, as the benchmark KSE-100 Index shed by 1,679 points.

The index dropped down by 3.60 per cent to touch 44,914 points by the end of the session due to aggressive selling in the latter hours of the day. The benchmark tested the day’s high at 46,777 points within the first 30 minutes of the opening session, but failed to maintain the momentum and adopted a downward trajectory. It touched the day’s low at 44,823 points during trading.

Trading activity was led by the banking sector, with 100.7 million shares changing hands during the session. The power and communication sectors followed, with volumes of 23.3 million and 22.7 million shares respectively.

A total of 135.2 million shares of KSE-100 companies changed hands during the session, with a total worth of nearly Rs10.4 billion.

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