KARACHI: With bearish trend persisted at KSE, the bench mark KSE-100 shares index on Tuesday conceded another 545.84 points or 1.69 per cent down and finished at 31,709.36 points.

Investors were truculent while selling their positions; as a result the market further slid by 1.69%, said dealers at sales desk Topline brokerage.

Market opened on a positive node and gained 150 points at the start of the secession but could not sustain and end of the day closed in red zone.

PAEL, KEL and PACE were the most traded stocks as they depicted a turnover of 14mn, 13mn and 12mn shares respectively.

Both the utilities stocks ended the day at their lower circuit breaker ahead of the Sui North’s board meeting scheduled on 2nd December 2015.

Total volume grew by 32% to 189mn shares versus 143mn shares yesterday, and the value traded increased to Rs7.7bn (US$73mn) from Rs6.9bn (US$65mn).

Stocks fell across the board amid panic on foreign selling data and concerns for Rs 40bn additional budgetary measures taken by the Govt impacting corporate earnings outlook, observed analyst a major brokerage.

Weak sentiments on political uncertainty, uncertain economic outlook, falling global commodities and pending circular debt in the energy sector played a catalyst role in the bearish activity.

Market analysts expect that bearish sentiment to continue in the market for days to come.