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KARACHI: The Pakistan Stock Exchange (PSX) plunged once again today (Monday), as rising COVID-19 cases within and outside Pakistan continued to rattle investor sentiment, pushing the benchmark index down over 8,70 points intraday.
The market took off to a shaky start with the index immediately plunging to negative at the opening bell. The benchmark KSE-100 Index recorded its intraday low at 39,314.28 after shedding 872.15 points. It settled lower by 554.66 points at 39,632.52.
Monetary Policy Statement was in line with market expectations as the State Bank of Pakistan chose to keep the rate unchanged at 7%. Among other indices, the KMI-30 Index plunged 960.27 points to close at 63,049.50, while the KSE All Share Index dropped 341.81 points, ending at 27,932.05.
Close to 118 million shares changed hands by the end of the session, with a total worth of nearly Rs5.9 billion. Stocks of 356 companies were traded, of which 67 gained in value, 267 declined and 22 remained unchanged.
Volumes were led by Unity Foods Ltd, with 15.4 million shares traded. Hascol Petroleum Limited (HASCOL), TRG Pakistan Limited (TRG), Worldcall Telecom Limited (WTL), and Pakistan Refinery Limited (PRL) closed out the top five symbols traded, with volumes of 15.3, 13.3m, 9.4m, and 8.6m, respectively.
