PSX Closing Bell: Bears Go Back-to-Back

Mettis Link News reported that the KSE-100 slipped 814.44 points, or 0.49 per cent, to finish Tuesday at 165,151.64. Intraday, the index recorded a high of 166,425.56 and a low of 165,111.14, a spread of 1,314.42 points. Volume reached 144.46 million shares, and only 28 of the 100 index companies ended higher.

The steepest falls came from KEL, down 4.82 per cent, followed by ATRL and PGLC. In point terms, PPL and SNGP offset some of the damage with gains of 35.04 and 24.48 points respectively. Commercial banks, technology and communication, and refinery stocks were the heaviest sector drags, with banks alone costing the index 162.55 points.

The All-Share Index closed at 100,160.64, a net loss of 488.39 points or 0.49 per cent. Traded value came to Rs19.43 billion, which is Rs0.14 billion below the previous session, and 324 companies closed lower against 127 that rose. Across the fiscal year, the KSE-100 has shed 15,150 points or 8.40 per cent, while the calendar-year decline stands at 8,903 points or 5.11 per cent.