PSX falls below 181,000 mark as bears regain control of trading
Business
The PSX turned bearish, with the KSE-100 index dropping 996.60 points to 181,387.54 amid profit-taking by investors.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) turned bearish after registering early gains on Monday amid selling pressure due to profit booking by investors.
During intraday trading, the KSE-100 index dipped below 181,000 points mark shortly after it moved up by over 800 points earlier in the day.
As of 12:00 pm, the stock market has registered a decline of 996.60 points to reach 181,387.54, reflecting a negative change of 0.55 percent compared to previous close of 182,384.14 points.
A day earlier, the benchmark index closed bearish, losing 2,025.52 points, a negative change of 1.10 percent, to settle at 182,384.15 points compared to 184,409.67 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 1,058.795 million shares with a traded value of Rs 48.237 billion, against 1,033.852 million shares valuing Rs 52.924 billion in the previous session. Market capitalization declined to Rs 20.599 trillion from Rs 20.768 trillion a day earlier.
Out of 481 active companies in the ready market, 161 advanced, 284 declined, while 36 remained unchanged.
