The Pakistan stock market continued its downward trend on Tuesday and the KSE-100 index fell from a psychological level of 48,000 points to close at 47,900 points. Due to the downturn, investors sank Rs 5 billion in the market while 56.19% share prices also fell. The Pakistan Stock Exchange (PSE) traded lower on Tuesday, with the index touching 48,100 points during trading.
In the Pakistan Stock Exchange, the KSE-100 Index declined by 25.38 points on Tuesday, taking the index from 48012.52 points to 47987.14 points, while the KSE-30 Index fell by 14.59 points from 19339.65 points to 19325.06 points. The KSE All Shares Index fell from 32723.04 points to 32701.12 points.
Due to the business downturn, the market capitalization decreased by Rs. 5 billion 59 crore 70 lakh 95 thousand 319, as a result of which the total volume of capital decreased from Rs. 83 trillion 57 billion 34 crore 21 lakh 29 thousand 278 to Rs. 83 trillion 51 billion 74 crore 50 lakh 33 thousand 959.
The Pakistan Stock Exchange (PSE) witnessed a turnover of 61.74 million shares worth Rs 15 billion on Tuesday and 83.91 million shares worth Rs 15 billion were traded on Monday. A total of 420 companies traded on the Pakistan Stock Exchange out of which 162 companies witnessed increase in their share prices. In terms of turnover, shares of Silk Bank Ltd., World Call Telecom, K Electric Ltd., Azgard Nine and TPL topped the list.
In terms of price volatility, Unileverfoods rose by Rs 790.00 to Rs 16,500.00, while Bata Pak fell by Rs 48.95 to Rs 1749.95. Shares of Sapphire Textiles fell by Rs 31.26 to Rs 895.00, down by Rs 31.60.
