PSX witnesses bearish trend loses over 800 points

KARACHI: Pakistan Stock Exchange on the first day of the business week witnessed bearish trend as it failed to keep off  41000 levels on the KSE-100 index.

On Monday at the beginning of the session more than 800 points dropped while the market is trading at 40,991.

In the previous week, the stock market recorded losses once again on Friday as the KSE-100 index fell 273 points owing to global equity sell-off amid concern over world growth and dismal financial results.

At close, the benchmark KSE-100 index recorded a decrease of 272.57 points, or 0.65%, to settle at 41,630.93.

READ MORE: https://mmnews.tv/psx-loses-272-points-closes-at-41630-points/

Overall, trading volumes increased to 193.9 million shares compared with Thursday’s tally of 162.2 million. The value of shares traded during the day was Rs7.9 billion.

Shares of 346 companies were traded. At the end of the day, 123 stocks closed higher, 211 declined and 12 remained unchanged.