KARACHI: The Pakistan Stock Exchange (PSX) extended losses for the fourth successive session on Monday as the KSE-100 index declined 0.38% in a turbulent session.
Investor participation thinned as they adopted a wait-and-watch approach amid looming economic uncertainty. As a result, the KSE-100 Index finished with a drop of 158.9 points or 0.38% to close at 41,520.59.
The KSE-100 opened the session with an ascent and rose until noon. At mid-day, the market came in the grip of a selling spell which erased the gains and levelled it. The index remained range-bound for the rest of the session and closed with loss.
Index-heavy automobile, chemical, banks, oil and cement spaces closed with losses.
Sectors dragging the benchmark KSE-100 index downward included banking (62.75 points), cement (30.61 points) and chemical (30.26 points).
Volume on the all-share index contracted to 148.2 million from 219.4 million on Friday. On the other hand, the value of shares traded fell to Rs7.5 billion from Rs8.9 billion recorded in the previous session.
TRG Pakistan was the volume leader with 24.7 million shares, followed by TPL Properties with 11.4 million shares and Hascol with 10.8 million shares.
Shares of 331 companies were traded on Monday, of which 93 registered an increase, 215 recorded a fall, and 23 remained unchanged.
