KARACHI: Bears once again dominated the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index shedding more than 800 points during intraday trading to close at the 44,223 level.
The bourse, for the second-straight session this week, witnessed severe selling pressure, with the index at one point plunging by 1,105 points to reach a low of 43,946 at 12:16pm.
Stocks of 374 companies were traded, of which 55 gained in value, 301 declined and 18 remained unchanged.
Volumes were led by Ghani Global Holdings Ltd, with 41.2m shares traded. Unity Foods, TRG Pakistan, Worldcall Telecom Ltd (WTL) and Pakistan Refinery Ltd (PRL) closed out the top five symbols traded, with volumes of 33.3m, 25.5, 19.4m and 18.9m shares, respectively.
GGL was up 7.53%, trading at Rs22.84; Unity Foods was down 6.75%, trading at Rs28.87; TRG was down 5.91%, trading at Rs137.16; WTL was down 7.25%, trading at Rs1.28; while PRL was down 6.79%, trading at Rs24.30.