Abb Takk News

PSX Dives Over 1200 Points First Day of Week

KARACHI: The Pakistan Stock Exchange began the week on a bearish note on Monday, with the KSE-100 index sliding by 1221.55 points (3.02 per cent) as the market reacted to the record-breaking inflation reading amidst a global stocks slump.

At close, the benchmark KSE-100 index recorded a decrease of 1,221.55 points, or 2.93%, to settle at 40,409.38.

Overall, trading volumes increased to 203.1 million shares compared with Friday’s tally of 193.9 million. The value of shares traded during the day was Rs7.9 billion.

Shares of 351 companies were traded. At the end of the day, 43 stocks closed higher, 296 declined and 12 remained unchanged.