Follow Us on Google News
KARACHI: It was another round of volatile trading at the Pakistan Stock Exchange (PSX) on Monday, with the indices swinging both ways in search of a clear direction before settling in the red.
A positive start to the day was quickly following by heavy selling pressure that saw the index drop to an intra-day low of 44,341.51, a fall of over 700 points. However, a sharp recovery saw the index erase almost the entire loss.
At close, the KSE-100 finished with a decrease of 255.76 points or 0.57% to settle at 44,817.76. Among other indices, the KMI-30 Index lost 84.69 points to end at 71,819.70, while the KSE All Share Index dropped 233.40 points, closing at 30,544.31.
Volume on the all-share index decreased marginally from 369.54 million on Friday to 301.39 million on Monday. The value of shares traded also declined marginally during the session, amounting to Rs11.18 billion from Rs11.78 billion on Friday.
Sectors dragging the benchmark KSE-100 index lower included banking (93.55 points), technology and communication (37.70 points), and refinery (31.60 points). Shares of 547 companies were traded on Monday, of which 143 registered an increase, 382 recorded a fall, while 22 remained unchanged.
Unity Foods Limited was the volume leader with 34.95 million shares, followed by WorldCall Limited with 32.65 million shares, and Byco Petroleum with 32.17 million shares.
