KARACHI: The Pakistan Stock Exchange (PSX) has started the trading week on a negative note, with the benchmark KSE 100 Index losing 998 points, by the day’s end to close at 39,072.47 points.
Equities remained under pressure throughout the session and the market fell as low as 38,865.10. The index touched the day’s high at 40,070.83 points.
Trading volume improved slightly to 408 million shares traded today as compared to 348 million traded in the previous session. Stocks of 374 companies were traded, of which 34 gained in value, 326 declined and 14 remained unchanged.
Volumes were led by Hascol, with 60.4 million shares traded. Unity Foods Limited, K-Electric Limited, TRG Pakistan and Pakistan International Bulk Terminal (PIBTL) closed out the top five symbols traded, with volumes of 31.9m, 29.1m, 20.3m and 19.4m, respectively.
Hascol share price was down 7.48%, trading at Rs16.07; Unity Foods Ltd share price was down 7.29%, trading at Rs13.98; KE share price was down 7.18%, trading at Rs3.75.
The stock market had experienced bloodbath in three of the five sessions last week which wiped off 1,630 points (3.9pc) from the KSE-100 index.
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