Bears dominate PSX as KSE-100 loses 527 points
The Pakistan Stock Exchange (PSX) opened the week lower, with the benchmark KSE-100 Index losing 527 points to close at 40,317 points on Monday.
The index gained slightly after the market opened to touch the day's high of 40,923, but shed points throughout the rest of the day to hit 40,260 towards the day's close.
Volumes dropped from Friday with just over 94 million shares worth Rs4.3 billion traded. Only 76 of the 335 traded scrips advanced, while 237 declined and 22 remained unchanged.
The technology and communication sector dominated trading with over 20m shares traded.
Foreign investors were net sellers in the day, while local individual investors joined mutual funds in selling.
Volumes were led by:
TRG Pak Ltd: 13.0m shares traded [-4.21pc]
Dost Steels Ltd: 8.1m shares traded [+0.90pc]
Azgard Nine: 6.3m sahres traded [-3.58pc]
WorldCall Telecom: 5.3m shares traded [+3.30pc]
Unity Foods(R): 4.6m shares traded [-21.01pc]