Pakistan News

Stocks slip again amidst selling on gains

Stocks slip again amidst selling on gains

Pakistan Stock Exchange (PSX) closed lower on Tuesday, with the benchmark KSE-100 Index losing 77 points to close at 42,666.

As politics remained the main distraction of the day, with former prime minister Nawaz Sharif appearing before accountability court and holding a press conference, trading remained low and selective, analysts at Elixir Securities said.

The KSE-100 Index managed a day's high of 42,958 points early in the session but went on a downward spiral to hit a low of 42,600 towards the day's close.

Nearly 145 million stocks worth Rs7.29 billion were traded on the exchange, with the power generation and distribution sector dominating trading with 36.5m shares traded.

K-Electric Ltd: 33.8m shares traded [+9.19pc]

Dolmen City: 8.2m shares traded [+0.82pc]

Maple Leaf: 6.0m shares traded [-1.22pc]

Lotte Chemical: 5.3m shares traded [-3.60pc]

TRG Pak Ltd: 4.2m shares traded [+0.08]

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