PSX lands in red with KSE-100 index falling below 40,000 mark

Volumes were led by: The Pakistan Stock Exchange (PSX) closed slightly lower on Tuesday, with the benchmark KSE-100 losing 104 points to fall below the 40,000-mark again.The index recorded a day's high of 40,085 points and a low of 39,892 before closing at 39,945. Of the 354 traded scrips, 190 advanced, 148 declined and 16 remained unchanged. Over 147 million shares worth Rs6.15 billion changed hands during the day, a 50pc surge in volumes compared to Monday. The power generation and distribution sector led the session's activity with 34.6m shares traded as K-Electric was the highest traded entity with 17.9m shares traded.Mutual funds continued selling spree and were net sellers of 223m shares in the session. Volumes were led by: K-Electric Ltd: 17.9m shares traded [+3.31pc] TRG Pak Ltd: 12.7m shares traded [+0.94pc] Japan Power: 12.2m shares traded [+78.12pc] WorldCall Telecom: 11.9m shares traded [+3.09pc] Azgard Nine: 10.6m shares traded [+1.43pc]

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