KARACHI: Bears dominated the Pakistan Stock Exchange (PSX) on the first day of trading week, with the benchmark KSE-100 Index shedding 149.15 points (-0.33 per cent) to close at 45,429.21 points.
Uncertainty about the delay in a decision by the International Monetary Fund (IMF) programme coupled with concerns regarding rupee-dollar parity kept the investment climate negative.
Trading kicked off on a negative note and the market continued its downtrend till the end of the session. The KSE-100 Index moved in a range of 347.19 points, showing an intraday high of 45,655.25 points and a low of 45,308.06 points.
Among other indices, the KMI 30-index shed 334.10 points (-2.64pc) to close at 73,063.74 points, while KSE All Share Index shed 35.88 points (-0.8pc) to close at 31,108.37 points.
Meanwhile, in the oil sector, Pakistan Petroleum posted a profit-after-tax of Rs14.32 billion for the quarter ended September 30. However, Pakistan Refinery posted a loss after tax of Rs378 million for three months ended September 30, 2021, with a loss per share of Rs0.60 compared to earnings per share of Rs0.49 during the same quarter of FY21.
Hum Network Limited was the volume leader with 50.8 million shares, losing Rs0.04 to close at Rs6.61. It was followed by WorldCall Telecom with 17.4 million shares, losing Rs0.02 to close at Rs2.35, and Bank of Punjab Limited with 10.04 million shares, losing Rs0.39 to close at Rs8.30.
