ISLAMABAD, Aug. 29 (Xinhua) -- The Pakistan Stock Exchange (PSX) hit a 10-month low on Tuesday as investors continued to sell off their holdings ahead of the long weekend and the negative impact of the New York State Department of Financial Service (DFS) penalty on Habib Bank Limited, the country's largest bank.
The Pakistan Stock Exchange's benchmark KSE 100-Index plummeted by 1.77 percent, or 741.14 points, to 41,233.08 points on Tuesday when compared with 41,974.22 points reported on Monday. The key index has lost 5,332.21 points since the start of the Financial Year from 46,565.29 points on July 1 to 41,233.08 points on Aug. 29.
The KSE All-Share Index declined by 1.66 percent, or 496.46 points, to 29,405.00 points, the KSE 30-Index slumped by 2.12 percent, or 457.94 points, to 21,186.70 points, the KMI 30-Index sank by 1.29 percent, or 908.94 points, to 69,502.66 points, whereas the Islamic All-Share Index fell by 1.36 percent, or 281.36 points, to 20,437.31 points.
During Tuesday's trading session, the main index moved in an expanded range of 928.05 points as it touched an intraday peak of 41,974.22 points as against an intraday trough of 41,046.17 points.
The top Pakistani bourse continued to hamper Tuesday from the negative effects of a hefty monetary penalty on the country's largest bank - Habib Bank Limited - in the United States by DFS on Monday.
Market volumes improved by 26.14 percent, or 26.97 million shares, to 130.15 million shares on Tuesday when compared with Monday's trade figure of 103.18 million shares.
Market capitalization depleted by 1.67 percent or 146.44 billion rupees (1.36 billion U.S. dollars) to 8.63 trillion rupees, whereas trade value increased by 4.92 percent, or 280.98 million rupees, to 5.99 billion rupees.
Among 349 active scrips on Tuesday, the prices of 59 issues advanced, 277 trimmed down, whereas values of 13 other companies stayed unchanged.
TRG Pakistan Limited, Azgard Nine Limited, and Sui Southern Gas Company were the top traded companies with turnovers of 15.99 million shares, 13.88 million shares, and 7.73 million shares, respectively.
Unilever Foods emerged as the top price gainer with an increment of 300.00 rupees to close at 6,550.00 rupees while on the flip side Bata Pakistan led the major price shedders with a decrement of 154.26 rupees to finish the day at 2,930.99 rupees. (1 U.S. dollar = 107.55 rupees)
