KARACHI: Pakistan Stock Exchange (PSX) witnessed a volatile session today (Monday), with the indices failing to sustain early gains as investors adopted a cautious approach after long weekend.
The benchmark KSE-100 Index moved in a narrow range, touching its intraday high at 47,074.16 (+168.37 points) and low at 46,659.24 (-246.55 points). It settled lower by 183.92 points at 46,721.87.
Among other indices, the KMI-30 Index dropped 342.20 points to end at 75,984.71, while the KSE All Share Index lost 139.15 points, closing at 32,246.94.
The overall market volumes contracted from 440.24 million shares in the previous session to 428.15 million shares (-3pc). Average traded value also declined by 16pc, from $165.5 million to $139.0 million.
Sectors that dragged the benchmark index lower included fertilizer (-103.69 points), cement (-53.80 points) and banking (-47.31 points). Among the companies, Engro Corporation Ltd (ENGRO 46.35 points), Fauji Fertilizer Company Ltd (FFC -23.59 points) and Habib Bank Ltd (HBL -21.13 points) dented the index the most.
Global equity markets displayed positive sentiments, where crude oil prices moved north from the previous close; WTI crude price appreciating 1.23 percent to $57.55 while Brent crude price rising 0.94 percent to $60.12.
