ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a volatile session on Monday, with the benchmark KSE-100 Index losing 341.76 points amid a bearish trend. At the close, the index settled at 111,743.53, marking a decline of 0.30 percent.
Selling was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks including PRL, NRL, PSO, SHEL, SNGPL, MARI, OGDC, PPL, HBL, MCB, MEBL and NBP traded in the red.
A total of 511,194,686 shares were entertained during the day as compared to 457,049,928 shares the previous trading day, whereas the price of shares stood at Rs 19.635 billion against Rs 23.215 billion on the last trading day.
As many as 435 companies transacted their shares in the stock market, 130 of them registered gains, and 235 met losses, whereas the share price of 70 companies remained unchanged.
The three top trading companies were B.O. Punjab with 184,433,032 shares at Rs 12.17 per share followed by Power Cement with 38,642,821 shares at Rs 10.76 per share whereas WorldCall Telecom settled with 33,028,658 shares at Rs 1.47 per share.
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Service Industries Limited recorded a maximum increase of Rs 48.94 per share closing at Rs. 1,400.00 whereas Sapphire Textile Mills Limited was the runner-up with a Rs 43.00 rise in its share price to close at Rs 1,243.00.
Nestle Pakistan Limited witnessed a maximum decline of Rs 123.09 per share price, closing at Rs 7,250.30, whereas the runner-up was Rafhan Maize Products Company Limited with a fall of Rs 106.53 in its per share price to Rs.9,389.33.
Globally, Asia share markets crept higher on Monday as Hong Kong’s tech sector stole the limelight, while upbeat Japanese economic growth contrasted with a weak US retail sales report to lift the yen on the US dollar.
Geopolitics remained in focus with reports that talks on the Russian-Ukraine conflict will start in Saudi Arabia this week, though the participants are not entirely clear.
