KARACHI: The Pakistan Stock Exchange (PSX) witnessed bloodshed on the first trading session of the week as the KSE 100 index closed at 40,740.95 points, with a negative change of 960.28 points.
Indices slipped lower and lower due to the latest political developments. The benchmark KSE 100 index nosedived by 1,056.41 points to an intraday low of 40,644.82 points. It settled with a loss of 960.28 points at 40,740.95 points.
Declining by 1,401.42 points at 2.11 percent the KMI 30 index ended at 65,157.19 points, while the KSE All Share index settled lower by 622.48 points at 29,013.63 points.
Overall market volumes were recorded at 407.19 million. Shares worth Rs 14.28 bn were traded on Monday. Hascol Petroleum Limited (HASCOL -6.44%), TRG Pakistan Limited (TRG +1.13%) and K-Electric Limited (KEL -0.24%) led the volume chart.
As many as 418 companies transacted their shares in the stock market, 57 of them recorded gain and 351 sustained losses whereas the share price of 10 remained unchanged.
Sectors that added losses to the KSE 100 index included Banking sector (227.28 points), Cement sector (137.14 points) and Fertilizer sector (75.01 points). Habib Bank Limited (HBL 78.81 points), Mari Petroleum Company Limited (MARI 46.52 points), and Bank AL Habib Limited (BAHL 43.54 points) were top negative contributors.