KARACHI: After a strong start, the Pakistan Stock Exchange (PSX) witnessed a downturn on the first trading day of the week, with the benchmark KSE-100 Index closing in the negative zone.
The day began on a bullish note, with the index surging over 600 points to reach a high of 139,201. However, selling pressure took over during trading hours, pulling the index down by 379 points to close at 138,217.
It’s worth noting that on the last trading day of the previous week, the index had gained 122 points to close in the green at a record 138,597.
Today, shares worth over Rs. 15.08 billion were traded, with a volume of 221.76 million shares exchanged during the session.
In previous session, the KSE-100 shed 68.14 points on Friday, showing a negative change of 0.05 percent, closing at 138,597.36 points.
A total of 609,443,979 shares were traded during the day as compared to 780,007,655 shares the previous trading day, whereas the price of shares stood at Rs 31.624 billion against Rs 39.975 billion on the last trading day.
As many as 478 companies transacted their shares in the stock market, 120 of them recorded gains and 331 sustained losses, whereas the share price of 27 companies remained unchanged.
