The Pakistan Stock Exchange (PSX) fell flat on Monday, with the benchmark KSE-100 Index losing a modest 17 points to close at 43,931 points.

The index opened higher and peaked at 44,244 before beginning to lose points to touch a day's low of 43,838 points shortly before trading closed.

"The market opened with news of the third round of rupee devaluation in the inter-bank market, with the exchange rate reportedly crossing Rs121.5 against greenback. Export-oriented sectors such as textiles (+1.3pc) and sectors that have dollar-linked revenues such as exploration and production (+1.1pc) and power (+1.5pc) came in limelight and traded higher," Elixir Securities noted.

Over 160 million shares worth Rs7.7 billion were traded at the exchange. Of the 335 scrips traded in the day, 105 advanced, 209 declined and 21 remained unchanged.

Commercial banks dominated trading with 41.8m shares traded.

Volumes were led by:

  1. Bank Of Punjab: 24.7m shares traded [+1.53pc];

  2. Lotte Chemical Pakistan Ltd: 14.1m shares traded [+5.34pc];

  3. Pakistan Elektron Ltd: 9.5m shares traded [-4.93pc];

  4. K-Electric Limited: 6.5m shares traded [-1.72pc];

  5. Fauji Cement Co Ltd: 5.8m shares traded [-2.16pc].

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...