KARACHI, August 16(ABC): The Pakistan Stock Exchange endured a range-bound trading session on Tuesday as the benchmark KSE-100 index faced both bullish and bearish pressures but ended the day on a negative note.
The trading session started on a positive note but it registered a sharp decline around midday as investors weighed the impact of discouraging economic cues.
Discouraging financial results of companies coupled with the government’s decision to increase the price of petrol dented investors’ sentiment.
Moreover, the release of dismal remittances data that showed a decline of over 8% on a month-on-month basis dented the confidence of investors, leading to profit-taking later in the day.
At close, the benchmark KSE-100 index closed at 43,436.48 points with a decrease of 185.34 points or 0.42%.