KARACHI: The market closed Monday with a loss of 200 points as the bulls staged a comeback, giving the Pakistan Stock Exchange (PSX) a bad start to the week.
The market started off positively but soon saw profit-taking.
The standard KSE-100 index lost 282.16 points or 0.68 percent to close at 41,348.19 points.
According to a report from Arif Habib Limited, worries about rising inflation and an anticipated rate hike in the next monetary policy caused the benchmark KSE-100 index to experience a session under pressure.
Despite reasonable volume in the third-tier stocks, the main board’s volumes remained low.
Fertilizer (-72.6 points), cement (-60.8 points), exploration and production (-33.2 points), automobile assembler (-18.9 points), and pharmaceuticals are among the industries that have a positive impact on performance (-12.9 points).
During the session, shares of 303 different companies were traded. 88 stocks ended the day’s trading in the green, 197 in the red, and 18 were unchanged.
Compared to Friday’s total of 154.03 million shares, total trading volumes decreased to 86.6 million shares. Shares were traded for a total of Rs3.04 billion during the day.
With 12.47 million shares traded, Sui Northern Gas Pipelines Limited led the pack in terms of volume, rising Rs0.93 to close at Rs36.40. Agritech Limited, which had 8.03 million shares traded, gained 0.20 rupees to close at Rs6.74; it was followed by Pakistan Refinery Limited, which had 4.83 million shares traded but lost 0.56 rupees to close at Rs16.91.
