KARACHI: Opened on positive note, the Pakistan Stock Exchange became bearish till midday as the benchmark 100-index shed 65 points to drop to 42009 on Monday.
The stocks started new week on positive note and added 43 points to reach 42117 level in early trading.
On Friday, negativity prevailed around the clock as the index lost 462 points to close at 43,136 levels, owing to jitters from the political backdrop and last day of futures rollover. Volumes remained lackluster as 110 million shares changed hands. PAEL (-4.69 percent) from the cable and electrical goods sector led the market volumes with 11.5 million shares traded in the scrip.
The major laggards were HBL (-2.32 percent), PSO (-2.37 percent), LUCK (-1.40 percent), HUBC (-1.45 percent) and NML (-2.53 percent) as they cumulatively wiped away -134 points from the index. On a sector wise level, commercial banks showed mixed sentiment, where MCB (+0.28 percent) closed positive and on the flipside HBL (-2.32 percent) and FABL (-2.31 percent) closed in the red zone.
