PSX: selling pressure at bourse, KSE-100 settles over 450 points lower

Business Recorder reported that the KSE-100 ended Monday at 165,966.08, down 453.63 points, or 0.27%. The index began lower, touched 165,918.34, then climbed to 166,698.46 before giving back ground later in the session.

The benchmark spent much of late morning and early afternoon between 166,400 and 166,600, but finished near its session low. In the previous session on Friday, it had added 233.55 points, or 0.14%, to close at 166,419.72. Asian markets also weakened on Monday: Japan’s Nikkei lost 1.2%, South Korea’s market fell 0.4%, and Taiwan’s declined 1.4%, while the regional MSCI index excluding Japan slipped 0.6%.