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Stock Exchange Loses 96 Points

KARACHI: After an exceptionally bullish performance in the preceding session, the stock market retreated into the red zone on Tuesday as investors once again resorted to profit-booking.

At close, the benchmark KSE-100 index recorded a decrease of 96.62 points, or 0.25%, to settle at 39,199.68.

Overall, trading volumes increased to 225.3 million shares compared with Monday’s tally of 215.3 million. The value of shares traded during the day was Rs8.8 billion.

Shares of 361 companies were traded. At the end of the day, 167 stocks closed higher, 176 declined and 18 remained unchanged.