KARACHI: The Pakistan Stock Exchange (PSX) on Monday closed in the red zone, with the benchmark KSE-100 index losing 177 points to close at 41,735 points.
The index opened higher but could not sustain the momentum, peaking at 42,137 points before losing point mid-session to touch the day’s low of 41,610.
Trading remained dull on Monday, with only 84.5 million shares worth Rs3.5 billion traded at the exchange. Of the 338 scrips traded, 126 advanced, 194 declined and 18 remained unchanged. Cement sector dominated trading with 12.2m shares traded.
On Friday, The Pakistan Stock Exchange (PSX) closed flat on Friday, ending a short bullish streak, with the benchmark KSE-100 index losing 87 points to close at 41,911 points.
The index opened higher but could not sustain momentum, losing points after peaking at 42,082 to touch the day’s low of 41,750 in the second half of trading.
Overall, trading volumes increased to 166 million shares compared with Thursday’s tally of 159.8 million. The value of shares traded during the day was Rs6.1 billion. Shares of 341 companies were traded. At the end of the day, 170 stocks closed higher, 160 declined while 11 remained unchanged.
K-Electric Ltd was the volume leader with 12.1 million shares, gaining Rs0.23 to close at Rs5.68. It was followed by Silk Bank Ltd with 9.6 million shares, gaining Rs0.2 to close at Rs1.36 and Pakistan International Bulk Terminal Ltd (XR) with 9.4 million shares, gaining Rs0.25 to close at Rs11.35.
