KARACHI: Pakistan stocks recorded a decline of 86 points on Monday in range bound trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 41,862 points from last Friday’s closing of 41,948 points, showing a decline of 86 points.
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Analysts at Arif Habib Limited said that the range bound session was witnessed at the PSX today due to mounting inflation, economic and political concerns.
No materialization of funds from friendly nations kept sentiments in check.
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The benchmark KSE-100 index observed a volatile session as investors opted to remain sideways due to continuous fleet of US dollar against Pak rupee. Value traded leaders were TRG, ICI and AVN.
Sectors contributing to the performance include Cement (-28.5 points), Food & Personal Care (-18.4 points), Chemicals (-17.0 points), Fertilizers (-15.4 points) and Investment Banks (-14.5 points).
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Volumes increased from 146.6 million shares to 161.4 million shares (+10.1 per cent DoD). Average traded value decreased by 18.2 per cent to reach $ 25.4 million as against $ 31.0 million.
Stocks that contributed significantly to the volumes were TRG, SCBPL, KEL and CENERGY.
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