PSX: KSE-100 closes in red, loses 200 points

The KSE-100 index at the Pakistan Stock Exchange closed Monday's volatile session lower at 176,966.68 after moving erratically up and down. Business Recorder reported that the benchmark shed 199.84 points, or 0.11 per cent, at the close. Intraday, it climbed to a high of 178,122.87 before selling pressure dragged it down to a low of 176,735.57.

Topline Securities said in its post-market report that early buying gave way to profit-taking later in the day. OGDC, PPL, MLCF, DGKC and FCCL were the main contributors on the upside, adding about 391 points collectively. ENGROH, MEBL, SRVI and SYS offset those gains, pulling the index down by roughly 388 points.

The session followed a week in which the index fell 2,938.09 points, or 1.6 per cent, amid political and geopolitical tensions and concern over the Strait of Hormuz. The rupee closed at 277.55 against the dollar, a gain of Rs0.01. Trading volume rose to 933.52 million shares from 689.17 million, while traded value reached Rs44.10 billion.