The KSE-100 index of the Pakistan Stock Exchange turned around to a bearish trend on Tuesday, losing 1,073.74 more points, a negative change of 0.98 per cent, closing at 108,896.65 points as compared to 109,970.39 points on the last trading day.

The market opened with a record-breaking increase of over 1000 points on the second day of the trading week, pushing the KSE-100 index to a new all-time high of 111,000 points. But it fell by over 1,000 points at the close of the day.

A total of 1,548,302,320 shares were traded during the day as compared to 1,597,868,204 shares the previous trading day, whereas the price of shares stood at Rs68.805 billion against Rs60.251 billion on the last trading day.

As many as 469 companies transacted their shares in the stock market, 106 of them recorded gains and 329 sustained losses, whereas the share price of 34 companies remained unchanged.

On Monday, the index closed at a previous high of 109,500 points. The closing 109,970.38 points represented a remarkable increase of 916.44 points. The sustained positive trend reflects growing optimism about Pakistan’s economic recovery.