The Pakistan Stock Exchange (PSX) remained in a slump on Tuesday as the KSE-100 Index fell from 42,500 points to 42,300 points. The investors lose more than 19 billion while shares also fell by 64%. The Pakistan Stock Exchange (PSX) continued to decline for the second day in a row. Due to the sell-off, the index was seen at a low of 42,262 points at one point, but at the end of trading, the index closed at a low of 42,300 points and business activity remained disappointing.
On Tuesday, the Pakistan Stock Exchange’s KSE 100 Index declined by 184.89 points, taking the index from 42531.31 points to 42346.42 points, while the KSE 30 Index declined by 92.36 points to 17942.33 points and the KSE All Shares Index decreased from 30232.67 points to 30159.46 points.
Due to the recession, the market capitalization decreased by Rs.19 billion 28 crore 86 lakh 60 thousand 801 as a result of which the total volume of capital decreased from Rs.79 trillion 66 billion 3 crore 57 lakh 30 thousand 330 to Rs. 79 trillion 46 billion 74 crores 70 lakh 69 thousand 529.
A total of 668.84 million shares worth Rs 18 billion were traded on the Pakistan Stock Exchange on Tuesday, while 509.52 million shares worth Rs 14 billion were traded on Monday. A total of 438 companies were traded on the Pakistan Stock Exchange on Tuesday, out of which 140 companies traded positive, 281 witnessed decline and 17 companies remained stable. In terms of turnover, Heskol Petrol topped the list with 63.8 million shares, K Electric Limited with 54 million shares, Byco Petroleum with 42.6 million shares, Bank of Punjab with 41 million shares, and Unity Foods Limited with 36.6 million shares traded. Nestle Pakistan’s share price increased by Rs.213 as a result, its share price rose to Rs. 7000.00. Similarly, the share price of Unilever Foods XD rose by Rs. 100.00 to Rs. 13500.00.