The Pakistan Stock Exchange (PSX) witnessed a significant downturn on Tuesday, with the benchmark KSE-100 Index plunging by 384.80 points and wiping over Rs 15 billion from the market’s total value as bearish sentiment prevailed throughout the trading session.
The KSE-100 index, representing the top companies, concluded the day at 188,202.86 points, a 0.20 per cent decline from its previous close of 188,587.66. The index fluctuated within a wide range, touching an intraday high of 189,521.32 before succumbing to selling pressure and hitting a low of 187,538.23.
Similarly, the KSE-30 Index also ended in negative territory, shedding 70.41 points, or 0.12 per cent, to settle at 57,956.48. The index recorded a day”s high of 58,337.28 and a low of 57,682.06.
Market activity showed a noticeable contraction in the regular market. The total turnover decreased to 749.24 million shares from the 870.44 million shares traded on the previous day. Consequently, the traded value experienced a fall, registering at Rs 53.06 billion compared to the prior session”s Rs 57.19 billion.
Reflecting the broad-based decline in stock values, the overall market capitalisation diminished to Rs 21,146.62 trillion from Rs 21,161.66 trillion, indicating a substantial erosion of investor wealth during the day”s trading.
In a contrasting development, activity in the Deliverable Future Contracts (DFC) segment demonstrated an uptick, with turnover rising to 446.67 million and traded value increasing to Rs 31.68 billion. However, trading in the Open-ended Leverage (ODL) segment saw a sharp reduction.