Karachi: The Pakistan Stock Exchange remained under pressure on Tuesday, with a mix of volatility and overall decline due to increased foreign selling in specific sectors and the rollover week effect. As a result, prices of 58% of shares fell, leading to a total market capitalization loss of PKR 22.46 billion.
The trading day began on a positive note, witnessing a surge of up to 160 points at one stage. However, foreign investors offloaded shares in the power generation sector, while local investors sold shares in banking, cement, and other sectors, transforming the earlier gains into a staggering decline of 743 points at one point.
As the day progressed, renewed buying activity at lower prices helped mitigate some of the downturn, but the KSE-100 index ultimately closed 366.86 points down at 81,483.64 points.
The KSE-30 index fell by 74.83 points to close at 25,902.55 points, the KSE All Share index dropped 104.16 points to 52,112.10 points, and the KMI 30 index decreased by 1,701.04 points to settle at 126,667.30 points.
Trading volume decreased by 8% compared to Monday, with a total of 36,962,081 shares exchanged. Activity was concentrated among 427 companies, where 127 saw price increases, 246 experienced declines, and 54 remained stable.
Notable gainers included Ismail Industries, which saw its share price rise by PKR 146.54 to reach PKR 1,896.02, and Rafhan Maize, which increased by PKR 57.50 to PKR 7,300. Conversely, Nestlé Pakistan’s shares fell by PKR 52.05 to PKR 6,906.02, while Services Industries saw a decrease of PKR 36.23, closing at PKR 1,112.80.
