The domestic capital market turned red on Tuesday, as the benchmark KSE-100 index dipped 255 points or 0.55 percent DoD to close at 45,818 points level.

The bearish sentiments among investors stemmed from draining foreign reserves of the country as local currency is under hefty pressure.

The position stays uncertain as market will shape its upcoming sessions owing to the factors which would unfold after PM Shehbaz Sharif’s visit to Saudi Arabia this week, a note by Aba Ali Habib Securities said.

The Index traded in a range of 403.64 points or 0.88 percent of previous close, showing an intraday high of 46,183.14 and a low of 45,779.50.

Of the 92 traded companies in the KSE-100 Index 22 closed up 66 closed down, while 4 remained unchanged. Total volume traded for the index was 93.62 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 65 points, Technology & Communication with 39 points, Power Generation & Distribution with 36 points, Cement with 33 points and Oil & Gas Marketing Companies with 22 points.

The most points taken off the index was by HUBC which stripped the index of 29 points followed by TRG with 25 points, PPL with 23 points, LUCK with 22 points and POL with 19 points.

Sectors propping up the index were Fertilizer with 61 points and Food & Personal Care Products with 1 points.

The most points added to the index was by EFERT which contributed 31 points followed by FFC with 21 points, BAFL with 15 points, LOTCHEM with 14 points and ENGRO with 9 points.

All Share Volume decreased by 158.63 million to 210.20 million shares. Market Cap decreased by Rs.44.20 billion.

Total companies traded were 324 compared to 325 from the previous session. Of the scrips traded 90 closed up, 211 closed down while 23 remained unchanged.

Total trades decreased by 37,998 to 79,209 and value traded decreased by 3.44 billion to Rs.6.23 billion.

The story was filed by the News Desk. The Desk can be reached at info@thecorrespondent.com.pk.

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