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PSX sheds 276pts on first trading day of week

PSX sheds 276pts on first trading day of week

KARACHI: The Pakistan Stock Exchange on Monday witnessed a bearish day as the benchmark KSE 100-share Index shed 276.49 points or 0.72% to settle at 38,309.17.

The KSE-100 index opened on a negative note and maintained a steady decline throughout the day. Overall, trading volumes slumped to 66.8 million shares compared with Friday’s tally of 98.5 million. The value of shares traded during the day was Rs2.78 billion.

Shares of 311 companies were traded. At the end of the day, 113 stocks closed higher, 176 declined and 22 remained unchanged.

The Bank of Punjab was the volume leader with 10.04 million shares, gaining Rs0.21 to close at Rs12.95. It was followed by K-Electric with 6.88 million shares, gaining Rs0.15 to close at Rs5.80 and Fauji Foods with 3.73 million shares, gaining Rs0.81 to close at Rs33.38.