PSX witnesses bearish trend loses over 600 points

KARACHI: Pakistan Stock Exchange on the first day of the business week open on a downward note as it failed to keep off 40,143.63 points levels on the KSE-100 index.

On Monday at the beginning of the session, more than 600 points dropped while the market is trading at 39449.66.

In the previous week, the stock market KSE 100 index closed 580.77 points, or a decline of 1.45 percent to close at 40,143.63 points. The stock but remained in the red as trading was suspended. The total volume of scripts was 157.229 million valued at Rs6.120 billion.

The lower bench KSE 30 index also witnessed a decline of 258.94 (1.38%) to close at 18,454.51 points. The share prices of the top active stock declined such as MLCF (-5.34%), Lotte Chemicals (-6.07%), Unity Foods (-6.91%), Hascol (-4.84%), BOP (-2.98%), Fauji Cement (5.80%), Engro Polymer (-4.99%), DGKC (-5.80%) and TRG (-2.60%).