KARACHI: Pakistan Stock Exchange remained under pressure on Monday as the investors opted to book profit with low trading activities, losing 242.12 points on the first working day of the week.
The benchmark KSE-100 index decreased by 242.12 points. It fell from 0.52% from the previous close of 43,092.95 points to 42,939.08 points on Monday.
Also read: Cars’ sale drops 47 percent in first 4 months of FY23
Since the morning bell rang, the benchmark KSE-100 index started shedding points and by the end of the day, the index fell down to the lowest at 42,850.83 points.
The volume leader became HASCOL, witnessing the highest change of 4.07% shares traded.
The top contributor making the index red includes the Oil and Gas Exploration Companies with a negative of 77.43 points.
Sectors contributing to the performance included exploration and production (-86.5 points), cement (-38.4 points), fertilizer (-37.2 points), commercial banks (-37 points) and miscellaneous (-31.3 points).
Volume on the all-share index declined to 185.5 million from 232.8 million on Friday. The value of shares traded dropped to Rs6 billion from Rs7.6 billion recorded in the previous session.
Hascol was the volume leader with 26.6 million shares, followed by PTCL with 12.8 million shares and Lotte Chemical Limited with 10.2 million shares
Shares of 353 companies were traded on Monday, of which 120 registered an increase, 211 recorded a fall, and 22 remained unchanged.
