The Pakistan Stock Exchange (PSX) turned bearish on Tuesday amid concerns over the upcoming mini-budget and ballooning current account deficit, with the benchmark KSE-100Index shedding 162.88 points (-0.37 percent) to close at 44,177.07 points.
The market opened on a positive note and remained almost in the green territory for the first half; however, later the profit-taking gripped the market that continued for the last three hours of the session.
The KSE-100 Index moved in a range of 472.53 points, showing an intraday high of 44,594.66 points and a low of 44,122.13 points. Among other indices, the KSE All Share Index shed 58.75 points (-0.19 percent) to close at 30,213.32 points, while KMI All Share Islamic Index shed 91.8 points (-0.42 percent) to close at 21,815.02 points.
A total of 355 companies traded shares in the stock exchange, out of them shares of 149 closed up, shares of 174 closed down while shares of 32 companies remained unchanged. Out of 95 traded companies in the KSE-100 Index, 32 closed up, 60 closed down and three remained unchanged. TLTP
