KARACHI: Pakistan stocks ended down by 193 points on Monday due to rising political unrest in the country.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,755 points from last Friday’s closing of 41,948 points, showing a decline of 193 points.
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Analysts at Arif Habib Limited said that a range bound session was witnessed at the PSX during the day.
The benchmark KSE-100 index shed 193.05 points at the end of the trading session after starting the day in the green due to political unrest.
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The volumes declined dramatically in the main board however, decent volumes were recorded in the 3rd tier stocks.
Sectors contributing to the performance include E&P’s (-49.5 points), Cement (-32.1 points), Technology & Communication (-15.2 points), Commercial Banks (-14.7 points) and Chemical (-14.2 points).
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Volumes decreased from 328.7 million shares to 144.3 million shares (-56.1 per cent DoD). The average traded value decreased by -51.5 per cent to USD 21.3 million as against USD 44.0 million.
Stocks that contributed significantly to the volumes are WTL, DCL, LOTCHEM, HASCOL and TRG.
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