KARACHI: The Pakistan Stock Exchange became flat after shedding early gains as the benchmark 100-index reaches 43740 points level till midday on Monday.
The stocks started new trading week on positive note and added 60 points to reach 43801 level in early trading.
Last week, traded volumes declined by 2 percent WoW to 181million, however ADTO went up by 1 percent to $74million. However, benchmark KSE-100 index managed to close in the green zone at 43,740 pts (up 1 percent), mainly attributable to heavyweight sectors such as (1) Cements (+7 percent on price increase of Rs10/bag in the North), (2) OMCs (+1 percent WoW) and (3) Power (+2 percent WoW) sectors. FATF related news flow mainly impacted the banking sector (down 1 percent WoW) on fears of tightening global scrutiny.
