Abb Takk News

Market Commences Week with Bears Domination

Karachi (August 7, 2017): Pakistan Stock Exchange (PSX) commenced the week with the domination of bears on Monday, as the benchmark KSE-100 index lost 412 points, or 0.88 per cent, to close at 46,466.

The market hit its high level at 46,929 within the first half hour of trading, but continued to fall and marked 46,336 as the day’s low towards the close of trading.

Commercial banks dominated the session with 45.5m shares traded, while technology and engineering sectors followed with 22m and 21.7m shares traded respectively.

Around 100 million shares worth Rs7.1 billion were traded during the day. Shares of a total of 384 companies were traded in the session, of which 106 advanced, 263 declined and 15 remained unchanged.

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