KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a range-bound session today (Monday) with the indices swaying both ways in search of a clear direction before closing in the red.
The benchmark KSE-100 Index endured a volatile start to the week, touching its intraday high at 42,321.37 (+114.37 points) and low at 42,047.00 (-160.00 points). It settled lower by 91.69 points at 42,115.31.
Among other indices, the KMI-30 Index dropped 282.26 points to end at 68,014.35, while the KSE All Share Index lost 66.93 points, closing at 29,482.48.
The overall market volumes declined from 427.9 million shares in the previous session to 380.5 million shares (-11pc). Average traded value also fell 2pc, from $113.3 million to $111.6 million.
Sectors that dragged the benchmark index lower included oil & gas exploration (-53.60 points), cement (-25.67 points) and oil & gas marketing (-13.94 points).
Shedding 1.29 percent from its total market capitalization, the oil & gas exploration sector ended as the session’s worst performer, with OGDC (-1.71 percent), PPL (-1.79 percent) and Mari Petroleum Company Ltd (MARI -0.27 percent) ending in the negative.
Equity markets around the globe showed a mixed performance, whereas crude oil prices slipped lower from the previous close; WTI crude price declining 0.82pc to $45.86 while Brent crude oil price falling 0.75pc to $48.88.
