AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Pakistan Stock Exchange faced a notable downturn on Tuesday, with both major indices closing lower than the previous session. The KSE30 fell by 637.71 points, landing at 51,149.07, while the KSE100 dropped by 1,578.66 points to settle at 166,173.75.
The trading session saw the KSE30 hitting a high of 52,021.03 before retreating, whereas the KSE100 peaked at 168,518.97, reflecting bearish sentiments. The indices recorded respective percentage decreases of 1.23% and 0.94%.
Market turnover also showed a slight decline. Regular turnover stood at 1,266,227,891 shares, down from 1,274,364,327 shares in the previous session. The traded value similarly dipped, with the current figure at 54,219,158,725 as opposed to the prior total of 60,540,291,071.
In the futures market, turnover decreased to 239,032,000 from the previous 267,606,500, and the traded value fell to 11,528,337,275 from 14,857,241,310.
Overall market capitalization saw a reduction, with current figures at 19,258,619,158,988 compared to the previous 19,390,147,067,281, indicating a significant contraction in market value.
The decline in stock performance highlights ongoing volatility and investor caution in the market, as reflected in the latest trading session results released by the Pakistan Stock Exchange Limited.