PSX closes in the red as trading slips on first business day
Business
PSX slipped into negative territory on Monday as the KSE-100 Index fell by 118 points, closing at 161,984. Market activity remained mixed, with Rs 23 billion worth of shares traded.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) ended the first trading day of the week in the red, as selling pressure dragged the market down.
The benchmark KSE-100 Index dropped by 118 points and closed at 161,984 points. Throughout the day, the index moved up and down, touching an intraday high of 162,385 points before falling to a low of 161,241 points.
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Overall, shares worth 49 crore were traded, with the total value of transactions reaching Rs 23 billion. Despite early attempts by investors to push the market up, the momentum couldn’t hold, and the market eventually lost steam by the closing bell.
