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PSX benchmark index loses 702 points

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By Our Staff Reporter

karachi: A bloodbath was seen at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 index losing 702 points to close at 43,229.
After opening lower, the index continued to slide throughout the session, hitting a day’s low of 43,143 towards close. Around 138 million shares worth Rs5.97 billion were traded at the exchange, with 257 of the 324 traded scrips declining in value while only 48 advanced and 19 remained unchanged.
The commercial banking sector dominated trading with 21.2m shares traded, while cement followed with 19.0m shares traded.
BRINDEX-30 closed on the lower side on Tuesday at 22,899.48 points with a negative change of -514.15 and volume of 84,532,200 shares. High and Low were 23,366.27 and 22,826.08 respectively. Of 30 companies traded, 2 were up, 28 were down and 0 was unchanged.
Total volume traded in the market was 137,787,990 shares. Total companies traded were 339 of which 48 were positive, 274 were negative and 17 were unchanged.
Commercial Banks was the top traded sector with total traded volume of 21,156,700 shares. It was followed by Cement with a total traded volume of 18,943,050 shares.
The three top traded companies were Bank of Punjab Ltd with a volume of 11,446,500 and price per share of 12.86 (-0.38), Siddiqsons Tin Plate Ltd (R) with a volume of 10,828,500 and price per share of 2.30 (-0.70), Fauji Cement Company Limited with a volume of 9,941,000 and price per share of 23.71 (-1.23).
The top three advancers were Rafhan Maize Products Company Limited with a volume of 20 and price per share of 8,198 (344.67), Abbott Laboratories (Pakistan) Limited with a volume of 62,400 and price per share of 691.82 (15.82), Mari Petroleum.
Volumes were led by: Bank Of Punjab: 11.4m shares traded 2.87pc, while Siddiqsons Tin Plate Ltd: 10.8m shares traded 25.00pc and Fauji Cement Co Ltd: 9.9m shares traded 4.97pc, Pakistan Elektron Ltd: 8.8m shares traded 4.97pc and K-Electric Limited: 5.7m shares traded 0.00pc.

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