Stocks shed 68 points despite initiating positive

Stocks shed 68 points despite initiating positive

KARACHI: Pakistan Stocks ended down by 68 points on Monday despite opening at a positive note.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,841 points as compared with last Friday’s closing of 45,909 points, showing a decline of 68 points.

READ MORE: Weekly Review: Sentiments to positive on PM China visit

Analysts at Topline Securities said that Pakistan equities initiated the week on a positive note but the KSE-100 index behaved direction less throughout the day.

During trading hours, the benchmark index made an intraday high at 46,140 level (+230 points; up 0.50 per cent) and low at 45,800 level (-110 points; down 0.24 per cent) before settling at 45,841 level (-68 points; down 0.15 per cent).

READ MORE: Stocks gain 47 points amid profit taking

E&P, Fertilizer, Power and Banking sectors’ stocks contributed positively as OGDC, PPL, ENGRO, HUBC and NBP cumulatively added 94 points while TRG, LUCK and PEAL had witnessed some profit taking as they lost 64 points, collectively.

Total volume and value stood at 150 million shares and Rs 6.2 billion, respectively. PAEL was top on the volume chart with 8.3 million shares traded in it, today.

READ MORE: KSE-100 index ends down 256 points on profit taking