KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) started the first day of the trading week on a positive note but quickly turned bearish due to selling pressure.
At the opening of the market, the KSE-100 Index saw an increase of 615 points, reaching 184,789.71. However, concerns raised by brokers led to a swift turnaround, with the market shifting into negative territory.
After the bears returned to the trading floor, the benchmark index lost more than 1,150 points, to drop to 183,021, slipping below the key 184,000 mark.
In previous session, the benchmark KSE-100 Index witnessed bullish momentum and closed higher, gaining 1,836.37 points, a positive change of 1.01 percent, to close at 184,174.49 points compared to 182,338.12 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 805.139 million shares with a traded value of Rs 50.834 billion, against 933.100 million shares valuing Rs 66.413 billion in the previous session. Market capitalization increased to Rs 20.827 trillion from Rs 20.618 trillion a day earlier.
Out of 484 active companies in the ready market, 258 advanced, 175 declined, while 51 remained unchanged.