Business

PSX displays mixed trend as investor interest remains tepid

KARACHI: The Pakistan Stock Exchange (PSX) has recorded a marginal dip during early session on Tuesday due to investor lack of interest.

The current index stands at 161,636.89, marking a decrease of 50.29 points, or a 0.03% drop, from the previous close of 161,687.18.

The market experienced a high of 162,171.88 earlier today, but it has since pulled back, reaching its low at 161,597.61.

The market participants are closely monitoring further developments.

A day earlier, the benchmark index also witnessed a bearish trend, losing 248.01 points, a decline of 0.15 per cent, and closed at 161,687.18 points compared to 161,935.19 points on the previous trading day.

A total of 1,214.42 million shares were traded in the ready market with a value of Rs41.37 billion, compared to 673.45 million shares worth Rs34.65 billion in the previous session.

Market capitalisation rose slightly to Rs18.449 trillion from Rs18.433 trillion.

Out of 481 active companies in the ready market, 253 closed higher, 192 declined and 36 remained unchanged.

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