The Pakistan Stock Exchange closed in a negative zone on Tuesday after recording a range-bound session.

The benchmark KSE-100 Index shed 86.83 points or 0.14% to settle at 63,219.10 levels as against 63,305.93 the previous trading day.

A total of 409.96 million shares valuing Rs14.675 billion were traded during the day compared with 452.86 million shares valuing Rs16.491 billion the last day.

As many as 355 companies transacted their shares in the stock market; out of which 111 recorded gains and 223 sustained losses, while the share prices of 21 remained unchanged.

The three top trading companies were B.O.Punjab with 47.57 million shares at Rs6.27 per share, K-Electric Limited with 40.63 million shares at Rs4.52 per share, and WorldCall Telecom with 25.79 million shares at Rs1.27 per share.

The PSX recorded a positive session on Monday as the investors’ sentiments got a boost from government formation in Punjab and Sindh.

The benchmark KSE-100 Index gained 490.11 points or 0.78% and was trading at 63,305.93 levels at the market closing as against 62,815.82 the previous trading day.

Experts attributed such a bullish run to a Bloomberg report that while quoting a government official said that Pakistan had planned to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions of dollars in debt.

“This positivity can be attributed to the start of the process of forming a provincial government as the Punjab Assembly held its first session,” the Topline Securities had said in its report.