BRIndex30 decreased by 99.93 points or 0.43 percent to close at 23,283.57 points with a turnover of 134.038 million shares.
The KSE-100 Index declined by 240.04 points or 0.56 percent to close at 42,299.19 points. Daily trading volumes on the ready counter decreased to 189.002 million shares as compared to 198.479 million shares traded Monday.
The market capitalization declined by Rs 31 billion to Rs 7.928 trillion. Out of total 356 active scrips, 206 closed in negative, 130 in positive while the value of 20 stocks remained unchanged.
Maple Leaf was the volume leader with 29.705 million shares. It gained Re 0.16 to close at Rs 24.99 followed by Hascol Petrol that increased by Rs 1.32 to close at Rs 25.47 with 25.378 million shares. ICI Pakistan and Indus Motor Co were the top gainers with Rs 37.66 and Rs 25.62, respectively to close at Rs 722.48 and Rs 1,072.47. Pak Tobacco and Bata Pak were the top losers with Rs 36.00 and Rs 31.17, respectively to close at Rs 1,999.00 and Rs 1,918.00.
BR Automobile Assembler Index increased by 76.89 points or 1.25 percent to close at 6,213.60 points with total turnover of 2.326 million shares.
BR Cement Index lost 10.59 points or 0.26 percent to close at 3,988.71 points with 60.967 million shares.
BR Commercial Banks Index declined by 82.54 points or 0.81 percent to close at 10,099.94 points with 12.423 million shares.
BR Power Generation and Distribution Index fell by 27.22 points or 0.47 percent to close at 5,748.07 points with 9.662 million shares.
BR Oil and Gas Index decreased by 35.81 points or 0.73 percent to close at 4,883.04 points with 29.255 million shares.
BR Tech. & Comm. Index closed at 1,027.72 points, down 4.5 points or 0.44 percent with 10.579 million shares.
An analyst at Arif Habib Limited said that the market dipped by 386 points during the session and closed the session down 240 points after staging a short recovery. Cement sector continued performing well, whereas Oil and Gas chain remained under pressure due to decline in international crude oil prices.
Global stock markets have roiled due to the outbreak of NCV in China that also affected commodity markets. Banking sector stocks also sustained selling pressure that kept the stock prices on the lower side. Cement sector continued leading the volumes on the bourse with 60.9 million shares, followed by O&GMCs (27.6 million shares) and Banks (12.4 million shares).
Sectors contributing to the performance include Banks (down 103 points), E&P (down 50 points), Fertilizer (down 42 points), Inv Banks (down 20 points), Chemical (up 23 points) and Autos (up 16 points).
Stocks that contributed positively include ICI (up 12 points), EPCL (up 9 points), INDU (up 8 points), ATLH (up 5 points) and HCAR (up 5 points). Stocks that contributed negatively include HBL (down 34 points), MCB (down 26 points), PPL (down 22 points), DAWH (down 19 points) and ENGRO (down 18 points).