KARACHI: The Pakistan Stock Exchange (PSX) opened the trading week on a negative note, with the benchmark KSE-100 index enduring another round of battering, falling over 300 points during the session.
The market receded gains on Monday in the absence of major positive triggers that could provide direction to the market. A host of financial results announced during the day failed to entice market players, who refrained from taking fresh positions.
Earlier, trading began on a positive note with the benchmark KSE-100 index registered an intra-day high of 45,742.83. However, the bourse plunged and fall to an intra-day low of 45,342.06. At the close, the benchmark KSE-100 index shed 313.02 points, or 0.69%, to settle at 45,362.85 points.
Shares of 339 companies were traded during the session. At the close of trading, 96 scrips closed in the green, 225 in the red, and 19 remained unchanged.
Overall trading volumes dropped to 137.6 million shares compared with Friday’s tally of 194.05 million. The value of shares traded during the day was Rs3.61 billion.
WorldCall Telecom was the volume leader with 19.08 million shares traded, losing Rs0.09 to close at Rs1.85. It was followed by Hum Network Limited with 11.26 million shares traded, gaining Rs0.15 to close at Rs7.62, and K-Electric with 8.9 million shares traded, losing Rs0.18 to close at Rs3.30.
