The Pakistan Stock Exchange (PSX) turned bearish in a volatile session on Tuesday, with the benchmark KSE-100 Index shedding 257.67 points (-0.57 percent) to close at 45,072.38 points.
The market opened on a positive note and gained around 427 points during the first three hours of the session; however, a selling spree gripped the market later amid news of global markets going down due to the new coronavirus variant. Moreover, the transition from the Morgan Stanley Capital International (MSCI) Emerging Markets to the Frontier Markets completed that kept the foreign buyers at bay.
The KSE-100 Index moved in a range of 1,029.64 points, showing an intraday high of 45,757.60 points and a low of 44,727.96 points.
Among other indices, the KSE All Share Index shed 152.15 points (-0.49 percent) to close at 30,831.91 points, while KMI All Share Islamic Index gained 21.37 points (+0.1 percent) to close at 22,069.57 points.
A total of 358 companies traded shares in the stock exchange, out of them shares of 129 closed up, shares of 207 closed down while shares of 22 companies remained unchanged. —TLTP
