A bearish trend sustained at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index losing 224 points to close at 44,233.

The index opened higher and touched a day's high of 44,615 before mid-day trading cut into early gains amd the index slid to a low of 44,081 points. It recovered slightly thereafter to close above 44,200 points.

A total of 282.5 million shares worth Rs9.5 billion were traded at the exchange. While 132 of the 365 traded scrips advanced, 214 declined and 19 remained unchanged.

Technology and communication sector dominated trading with 47.1m shares traded.

Volumes were led by:

  1. WorldCall Telecom: 35.4m shares traded [-7.22pc];

  2. Fauji Foods Ltd: 25.3m shares traded [+4.55pc];

  3. Aisha Steel Mill: 18.2m shares traded [+3.47pc];

  4. Lotte Chemical: 17.4m shares traded [+5.68pc];

  5. Dewan Cement: 10.7m shares traded [+5.00pc].

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Taxing pensions
Updated 11 May, 2024

Taxing pensions

Tax reforms have failed to deliver because of distortions created by the FBR bureaucracy through SROs, apparently for personal gains.
Orwellian slide
11 May, 2024

Orwellian slide

IN recent years, Pakistan has made several attempts at introducing an overarching mechanism through which to check...
Terror against girls
11 May, 2024

Terror against girls

ONCE again, the ogre of terrorism is seeking the sacrifice of schoolgirls. On Wednesday, just days after the...
Enrolment drive
Updated 10 May, 2024

Enrolment drive

The authorities should implement targeted interventions to bring out-of-school children, especially girls, into the educational system.
Gwadar outrage
10 May, 2024

Gwadar outrage

JUST two days after the president, while on a visit to Balochistan, discussed the need for a political dialogue to...
Save the witness
10 May, 2024

Save the witness

THE old affliction of failed enforcement has rendered another law lifeless. Enacted over a decade ago, the Sindh...