KARACHI: The Pakistan Stock Exchange (PSX) continued with its losing streak for the second consecutive session on Monday, as the indices that opened positively soon gave into pressure to close in the red zone.
The benchmark KSE-100 index recorded an intraday high of 47,930.54, but erased all the gains to end 0.25 percent lower. At close, the benchmark KSE-100 index recorded a decrease of 120.39 points to settle at 47,672.68 points.
The decline also comes as stricter coronavirus measures come into force in Sindh from Monday. Pakistan has witnessed a surge in coronavirus cases amid fears of the spread of the Delta variant.
The sectors dragging the benchmark KSE-100 downward included oil and gas exploration (69.49 points), cement (67.29 points), and pharmaceutical (23.77 points).
Volume on the all-share index increased from 314.16 million on Friday to 450.24 million on Monday. The value of shares traded during the session amounted to Rs13.58 billion, an increase from Rs11.09 billion on Friday.
WorldCall Telecom was the volume leader with 127.88 million shares, followed by Telecard Limited with 45.07 million shares, and TPL Corp Ltd at 17.42 million shares. Shares of 394 companies were traded on Monday, of which 187 registered an increase, 187 recorded a fall, while 20 remained unchanged.
