KARACHI: KSE-100 index plunged 770.54 points to close below the 47,500 level as negativity persisted at Pakistan Stock Exchange (PSX) on Monday.
At close, the index settled at 47,447.96, a decrease of 770.54 points or 1.6%, after witnessing a fall on Friday as well.
Cement, chemicals, commercial banks, oil and gas exploration businesses, vehicle assemblers, and other index-heavy sectors such as OMCs and cement continued to trade down.
The benchmark index dropped by 205.90 points week over week the prior week and finished at 48,218.50.
The decrease in the KSE-100 Index was attributed by experts to a surge in political unpredictability.
Volume on the all-share index decreased to 211.2 million from 254.8 million on Friday.
The value of shares declined to Rs7.1 billion from Rs10.4 billion in the previous session.
WorldCall Telecom remained the volume leader with 51.4 million shares, followed by K-Electric Limited with 8.4 million shares and Oil & Gas Development Company Limited with 7.3 million shares.
Shares of 323 companies were traded on Monday, of which 50 registered an increase, 253 recorded a fall, and 20 remained unchanged.