KARACHI: Pakistan stocks dipped by 158 points on Monday as investors opted to remain sidelines owing to political and economic uncertainties.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,540 points from last Friday’s closing of 41,698 points, showing a decline of 158 points.
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Analysts at Arif Habib Limited said that the week began with a range-bound session at the PSX.
The benchmark KSE-100 index opened in the green but failed to maintain momentum due to political and economic uncertainty, as investors chose to stay on the sidelines.
READ MORE: Pakistan stocks inch up in range-bound trading
Volumes on the mainboard remained low, though decent volumes in third-tier stocks were recorded.
Sectors contributing to the performance include Chemical (-33.2 points), Commercial Banks (-32.6 points), Automobile Parts & Accessories (-16.9 points), OMCs (-15.8 points), Food & Personal Care Products (-15.3 points).
READ MORE: Stocks shed 167 points in range-bound session
Volumes decreased from 191.4 million shares to 133.6 million shares (-30.2 per cent DoD). The average traded value also decreased by 9.7 per cent to $14.4 million as against $16.0 million.
Stocks that contributed significantly to the volumes are DFML, WTL, DFSM, GCIL, and MDTL.
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