PSX drops by 1,195 points after early gains
Business
PSX saw cautious trading on the first day of the business week. After a brief 1,500-point gain, KSE-100 fell by 1195 points.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) witnessed a significant dip on opening day of the business week amid cautious trading by investors.
During intraday trading, the index reached a high of 185,650.59 after gaining over 1,500 points.
The positive momentum lasted for a brief period as bears returned to the trading floor with KSE-100 index falling by 1,195.39 points to 182,934.19 points compared to previous close of 184,129.58 points.
In previous session, the benchmark KSE-100 Index witnessed a bearish trend, losing 3,702.50 points, a negative change of 1.97 percent, to close at 184,129.58 points compared to 187,832.08 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 1,272.642 million shares with a traded value of Rs 60.360 billion, against 1,195.264 million shares valuing Rs 44.102 billion in the previous session. Market capitalization declined to Rs 20.883 trillion from Rs 21.278 trillion a day earlier.
Out of 480 active companies in the ready market, 113 advanced, 323 declined, while 44 remained unchanged.
