Bearish trend continues at PSX for the fourth consecutive trading day

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Tuesday’s session happens to be the fourth consecutive trading day which has seen the KSE-100 lose points as investors remain reserved due to falling oil prices, while regulatory clampdowns along with the pending verdict of the Panama Case are also putting the market under pressure.

The Pakistan Stock Exchange (PSX) started Tuesday’s trading session in the red, with the benchmark KSE-100 index losing 498 points, or -1.02pc, by the halfway mark of the session to reach 48,157.

A total number of 51.2m shares were traded by the middle of the session, with a total worth of nearly Rs5.37b.

Shares of 324 companies were traded, of which 71 gained in value, 239 declined and 14 remained unchanged.