PSX Closing Bell: Bulls Miss by a Whisker

According to Mettis Link News, the KSE-100 finished Tuesday's session at 176,466.99, which is 508.68 points lower, a decline of 0.29 per cent. Losses in commercial banks and cement counters were larger than the advances recorded in technology, fertilizer and certain exploration names. During the day the index had reached 177,800.28 before slipping to 176,375.00.

Of the 100 index companies, 34 advanced while 65 declined and one was unchanged. HUMNL, CNERGY and HCAR were among the steepest decliners, whereas AGP, SYS and GAL led the gainers. The All-Share Index closed at 107,178.50, down 253.36 points or 0.24 per cent, with traded value at Rs37.41 billion.

Market sentiment stayed guarded as fresh clashes involving the United States and Iran fed fears of supply interruptions for crude moving out of the Middle East, lifting oil prices. That geopolitical uncertainty also dampened broader risk appetite. Total KSE-100 volume came to 391.91 million shares.