Karachi: The benchmark KSE-100 Index closed on a negative note, registering a drop of 0.66%. Volume and value of shares declined from the previous session.

During the trading session at the Pakistan Stock Exchange (PSX) on Monday, the Index swung both ways between an intraday high of 43,767.77 (up by 114 points) and a low of 43,324.94 (down by 328 points).

At close, it ended with a drop of 286.44 points, or 0.66%, to settle at 43,366.83.

Last week, the PSX remained under pressure due to the political situation in the country and an overheated commodities cycle. The benchmark KSE-100 index declined by 898.02 points on a week-on-week basis and closed at 43,653.33 points.

Sectors wiping the gains of the index included banking (59.07 points), oil and gas exploration (57.65 points) and cement (56.42 points).