KARACHI: The Pakistan Stock Exchange (PSX) endured a lacklustre trading session on Monday, as the benchmark KSE-100 index succumbed to across-the-board selling pressure in the absence of positive triggers and closed in the red.
The benchmark KSE-100 swung between positive and negative territories and ended the session nearly flat.
The absence of positive triggers undermined investors’ interest further and they resorted to cautious trading.
Jittery investors weighed the impact of ongoing political turmoil in the country coupled with the uncertainty regarding the International Monetary Fund’s executive board meeting later tonight.
As a result, market players mainly opted to stay on the sidelines as the trading volume and value remained thin on the first day of the week.
Moreover, the fresh depreciation of the rupee against the US dollar in the interbank market added to the woes of investors.
At close, the benchmark KSE-100 index closed at 42,504.34 points with a decrease of 87.17 points or 0.20%.
