KARACHI: The Pakistan Stock Exchange (PSX) ended down by 120 points on Monday. The benchmark KSE-100 closed at 47,673 points as against last Friday’s closing of 47,793 points.
Analysts at Topline Research said that the index opened the day in the positive territory. Initially it reached to an intra-day high of 47,930 points.
But it succumbed to selling pressure for the rest of the day. It closed near its intra-day low of 47,606 points.
The start of the futures roll over week, with an outstanding open position of Rs28.07 billion, coupled with concerns of a ballooning current account deficit kept the market gains in check.
PPL, MEBL, UBL, OGDC, & LUCK dragged the index lower by a cumulative 126 points while MCB, ENGRO & EFERT added 102pts to the benchmark KSE 100 index.
On the volume front, the KSE All Share Index total volume and value clocked in at 449.50 million shares and Rs13.57 billion, respectively.
With the introduction of 30, 60 & 90 Deliverable Futures Contract’s (DFC), total volume and value on the Futures counter clocked in at 314.48 million shares and Rs12.4 billion respectively.
WTL was the volume leader of the day. Its share trading recorded at 127.82 million during the session.
