Pakistan Stock Exchange (PSX) could not maintain the bullish trend during intraday trading on Monday, and the Benchmark KSE-100 index fell by over 900 points.
The market opened in green and gained over 100 points, however, later the selling pressure was observed.
At 12:20 pm, the benchmark index was hovering at 112,277.06, a decrease of 974.60 points or 0.86%.
Selling was witnessed across key sectors including automobile assemblers, cement, chemical, oil and gas exploration companies, OMCs, and refinery. Index-heavy stocks including OGDC, PPL, MARI, PSO, SSGC and WAFI traded in the red.
During the previous week, the Pakistan Stock Exchange (PSX) remained in the green zone driven by improved local liquidity and positive investor sentiment.
The benchmark KSE-100 index gained 451 points, or 0.4%, on a week-on-week basis, closing at 113,251.67 points compared to 112,801 points in the previous week.
