KARACHI – Pakistan Stock Exchange closed bearish on Tuesday after slump in crude prices and global equities.

Uncertain political climate in the capital city and Karachi kept investors at bay in yesterday’s trading session. The benchmark KSE 100-index lost gains from early hours of trading, when it touched 33,000 index level, to close down 24 points at 32,879.67 points, brokers said. Volumes picked up, increasing 51% to 130.5m shares.

Traded value followed suit and rose 25% to Rs5.
7b/$54.4m. Attock Refinery (ATRL) announced completion of revamp of its crude refining unit, which prompted investor interest in the scrip. The stock rose 4.3% today, dealers said
Interest continued in stocks of automobile manufacturers.

Honda Car (HCAR) closed at its upper limit (up 5%) while Pak Suzuki Motor Company (PSMC) and Indus Motors (INDU) increased 1.5% each.

Total 342 active companies participated in the session, of which 164 closed in decline, 155 in advance while 23 remained unchanged.

 

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