KARACHI- Pakistan Stock Exchange lost its winning streak on Tuesday as the PSX benchmark shares index posted a loss of 262.02 points to close at 32,444.20 points.

Traded volume decreased by 2.4% to 148m shares as compared to 152m shares of Monday, while traded value decreased by 1.44% to Rs7.7b from 8.7b. Low international oil prices kept the market under pressure which closed in red zone, a market analyst said.

NRL announced earnings of 36.07/share, gaining 0.43% in price. APL announced its earning of 19.78 while giving cash of Rs 15/share. APL closed up at 0.21%. Result of MCB was announced with EPS of Rs4.4 which was below expectations. It also announced dividend of Rs 4/share while the stock closed down 1.03%, stated analyst Hammad Aman at Equity Topline.

Stocks closed bearish amid pressure in selected scrips across the board after major sell-off in global equities, observed analyst Ahsan Mehanti. Strong financial results in the cement and fertilizer sectors failed to support falling stocks in the global markets rout.

Concerns for surging circular debt in the energy sector and falling exports played a catalyst role for the bearish close in the earnings results season at PSX, the analysts added.