Pakistan Stock Exchange (PSX) closed lower on Tuesday, with the benchmark KSE-100 Index losing 77 points to close at 42,666.

As politics remained the main distraction of the day, with former prime minister Nawaz Sharif appearing before accountability court and holding a press conference, trading remained low and selective, analysts at Elixir Securities said.

The KSE-100 Index managed a day's high of 42,958 points early in the session but went on a downward spiral to hit a low of 42,600 towards the day's close.

Nearly 145 million stocks worth Rs7.29 billion were traded on the exchange, with the power generation and distribution sector dominating trading with 36.5m shares traded.

Volumes were led by:

K-Electric Ltd: 33.8m shares traded [+9.19pc]

Dolmen City: 8.2m shares traded [+0.82pc]

Maple Leaf: 6.0m shares traded [-1.22pc]

Lotte Chemical: 5.3m shares traded [-3.60pc]

TRG Pak Ltd: 4.2m shares traded [+0.08]

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.