The Pakistan Stock Exchange (PSX) ended up in red after early buying momentum with the benchmark KSE-100 Index dropping 450 points on Monday.
At close, the benchmark settled at 178,471.86, a decline of 450.89 points or 0.25%.
Key sectors witnessed mixed trend as index-heavy stocks, Mari, OGDC, UBL, PPL and PEAL traded in green, however, KML and MCB closed in negative territory.
The benchmark KSE-100 Index gained 6,522.84 points, or 3.8% on a week-on-week basis, closing at 178,922.75 points compared to 172,399.91 points in the preceding week.
Strong buying interest was witnessed across key sectors as investors responded positively to the improving economic outlook.
Meanwhile, international oil prices declined on Monday after talks between the United States and Iran in Switzerland ended with Tehran announcing it had secured waivers for oil and petrochemical exports, easing concerns over potential supply disruptions.
Brent crude futures fell by $1.68, or 2.09%, to $78.89 per barrel by 0633 GMT. Prices had initially surged to $82.30 at the start of trading amid uncertainty surrounding the negotiations.
U.S. West Texas Intermediate (WTI) crude futures were trading at $76 per barrel, down 60 cents, ahead of the contract’s expiry later in the day.
