KARACHI: The Pakistan Stock Exchange (PSX) continued to bleed for the second successive session today (Monday) as the benchmark index fell 601 points to stand at 47,002.35.
Sellers overpowered buyers right from the get-go with the index opening in the negative. The index continued to recede as trading progressed and the lowest point of the day was witnessed right before close.
Volumes continued to remain on the lower side hinting that many investors continue to wait on the sidelines. At the closing bell 77 companies had advanced with 282 closing in the red. 25 scrips remained unchanged.
Market participation for the KSE100 Index decreased to 223m from 262m (-15% on d/d basis). Major contribution to total market volume came from WTL, BYCO and JSCLR1 combined for 202m shares out of the total market volume of 655m shares.
