KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) extended losses on first day of the new business week as investors continue to book profits.
During intraday trading, the KSE-100 index plunged by over 1,500 points to dip to 182,811 points compared to previous close of 184,409.67.
Experts said profit-taking and selling pressure continued to dominate the stock exchange, forcing the benchmark index to witnessed further decline.
In previous session, the KSE-100 index oon Friday closed bearish, losing 1,133.34 points, a negative change of 0.61 percent, to settle at 184,409.67 points compared to 185,543.01 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 1,033.852 million shares with a traded value of Rs 52.924 billion, against 1,433.986 million shares valuing Rs 91.336 billion in the previous session.
Out of 483 active companies in the ready market, 162 advanced, 271 declined, while 50 remained unchanged.