KARACHI: The Pakistan Stock Exchange (PSX) Monday tumbled below the psychological level of 49,000 points after in reaction to Trump’s controversial travel ban as the bench mark shares index fell by 991 points or (2%) to close at 48,972.24 points.
The stocks recorded the highest trading level of 50339.93 points and lowest level of 48836.50 points, with the volume of over 389 million shares and value of Rs20.3 billion
Earlier, the bearish note opened new week on bearish note as the PSX shed 299 points in early trading to drop to 49664.55 points level. The PSX remained bearish till midday as the benchmark 100-index shed 173.36 points to reach 49790.41 points level.
On Friday, the PSX index rallied during the first half to gain by approximately 700 points, however, amid last day of futures roll-over and weekend profit-taking was seen in the second session as the index fell by 228 points or 0.46 percent to close at 49,963 level. KEL (up 4.10pc, 165.25m shares), FABL (slump 4.77pc, 39.03m shares) and TRG (down 3.65pc, 29.70m shares) were the volume leaders for the day. Out of total 421 scrips participated in the session of which 259 closed in negative, 149 in positive, while 13 remained unchanged. Overall, volumes increased by 33 percent to 597 million shares, while traded value rose by 12.5 percent to Rs25.4 billion.
