The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday as the benchmark KSE-100 index shed -341.76 points, a negative change of -0.3% percent, closing at 111,743.53 against 112,085.29 points in the previous session on Friday.
A total of 13,291,831,543 shares were traded during the day as compared to 457.04 million shares in the previous trading day, whereas the price of shares stood at RS. 295,527,624 against Rs23.215 billion on the last trading day.
As many as 434 companies transacted their shares in the stock market, 130 of them recorded gains, and 234 sustained losses, whereas the share price of 70 companies remained unchanged.
it should be noted that the market on Monday opened in green and gained up to 400 points, however could not maintain the upward trend due to selling pressures.
At one point the market reached 112,524.80 points but later dropped to 111,513.66 points, however after a little recovery it closed at 111,743.53 points at the end of the session.
Selling was witnessed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, and refineries. Index-heavy stocks including PRL, NRL, PSO, SHEL, SNGPL, MARI, OGDC, PPL, HBL, MCB, MEBL, and NBP traded in the red.
