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PSX remains flat as stock market ends on downward note

KSE-100 index crawled down by 12.89 points to settle at 45,736.26 points.

KARACHI: The Pakistan Stock Exchange (PSX) on Monday fell flat after a range-bound session, with the benchmark KSE-100 Index losing 52 points amid lackluster activity.

The benchmark KSE-100 index kicked off trading on a bearish note, falling nearly 200 points, however, it failed to sustain the trend and the market rebounded. Selling pressure took over in the mid-day and dragged the index lower, wiping out the day’s gains.

The KSE-100 Index oscillated both ways on Monday, recording its intraday high at 45,910.96 and low at 45,544.99. At close, the benchmark KSE-100 index crawled down by 12.89 points, or 0.03%, to settle at 45,736.26 points.

During the session, shares of 345 listed companies were traded. At the end of the session, 125 stocks closed in the green, 191 in the red, and 29 remained unchanged.

Overall trading volumes dropped to 172.8 million shares compared with Friday’s tally of 192.5 million. The value of shares traded during the day was Rs5.13 billion.

Hascol Petroleum was the volume leader with 18.6 million shares, gaining Rs0.64 to close at Rs6.53. It was followed by Ghani Global Holdings with 17.8 million shares, gaining Rs1.06 to close at Rs34.15, and WorldCall Telecom with 11.22 million shares, gaining Rs0.05 to close at Rs2.39.