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Bearish Trend In PSX As 100 Index Falls 104 Points

KARACHI: Bears maintained their control over the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index falling another 104 points as higher oil prices and rapidly rising Omricon cases dented investor sentiment.

During the session on Tuesday, KSE 100 moved within a band of nearly 300 points, hitting an intra-day high of 45,758.10 and intra-day low of 45,469.46. At close, however, the index finished at 45,507.41, a decrease of 104.79 points or 0.23%.

Meanwhile, sectors contributing to the market retreat included cement (74.81 points), power generation and distribution (40.79 points) and technology and communication (36.17 points).