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KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured a volatile session on Monday, with the indices moving both ways in search of clear direction before closing flat.
Pakistan equities started the week on a positive note in the backdrop of a Saudi cash facility worth $3 billion credit in the State Bank of Pakistan (SBP) account. Moreover, a slight recovery in the rupee gave investors much-needed confidence.
The benchmark KSE-100 Index started the day on a positive note, registering its intraday high at 43,556.27. However, it succumbed to selling pressure post afternoon, touching its day low at 42,972.02. The index finally settled higher by 47.94 points at 43,280.77.
Overall trading volumes dropped to 176.9 million shares compared with Friday’s tally of 287.7 million. The value of shares traded during the day was Rs6.1 billion. Shares of 314 companies were traded during the session. At the close of trading, 122 scrips closed in the green, 175 in the red, and 17 remained unchanged.
WorldCall Telecom Limited was the volume leader with 16.6 million shares traded, losing Rs0.09 to close at Rs1.96. It was followed by Telecard Limited with 12.6 million shares traded, losing Rs0.90 to close at Rs13.91, and TRG Pakistan with 11.2 million shares traded, gaining Rs3.24 to close at Rs11.29.