PSX: selling at bourse, KSE-100 down 600 points
Business Recorder • • 1 min read
Selling dominated early trade at the Pakistan Stock Exchange on Monday, with the KSE-100 down 597.13 points, or 0.36%, at 165,812.12 by 10:20am. Business Recorder reported that the benchmark had lost more than 600 points during the session, in an intraday update.
Pressure extended across several groups, including car makers, cement producers, banks, oil and gas explorers, marketing firms and refiners. MARI, OGDC, PPL, PSO, SSGC, MCB, MEBL, NBP and UBL were among heavyweight shares trading lower. This followed last week’s 4,034.37-point, or 2.5%, advance, which ended a five-week run of declines and took the index to 166,409.25.
At a glance
- The KSE-100 was down 597.13 points at 10:20am.
- Shares across several major sectors traded lower.
- The index gained 2.5% in the previous week.
Originally reported by Business Recorder
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