The Pakistan Stock Exchange ended the Monday trading session on a negative note, with the benchmark KSE-100 index losing 188.92 points, or 0.38 per cent, by the close of the trading session to reach 49,434.89.
77.153 shares of indexed companies had changed hands by the end of the session, with a total worth of nearly Rs6.4billion.
Stocks of 380 companies were traded on the exchange, of which 115 gained in value, 246 declined and 19 remained unchanged.
Volumes were led by:
Silk Bank Ltd: 59.21m number of shares traded (-0.53pc);
Azgard Nine: 24.5m number of shares traded (4.85pc);
Lotte Chemical: 23.23m number of shares traded (-3.59pc;
WorldCall Telecom: 20.50m number of shares traded (8.87pc); and,
K-Electric Ltd: 17.07m number of shares traded (0.81pc).
According to Topline Securities, the trigger-less session, coupled with the resurgence of the Panamagate decision in investors' crosshairs led market participants to book profits in the second half of today's session.
The firm reported that cements were under pressure again, with major stocks falling in the range of 0.5-2.5pc, while the steel sector took a breather as investors opted to trim positions ahead of a hearing pertaining to the steel importers resisting the National Tariff Commission's recently imposed anti-dumping duty on Cold-Rolled Coils.
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