Trading at the Pakistan Stock Exchange (PSX) on Monday experienced an exceptionally dull session, with the benchmark KSE-100 index losing 390 point to close at 42,019.
The index remained bearish throughout the session, hitting a day's high of 42,435 points early in the session and dropping to a low of 41,944 towards the day's close.
Volumes remained low as 88.9 million shares worth Rs4 billion were traded. Only 41m shares of KSE 100 companies were traded.
"Pakistan equities closed red on the dullest day since mid 2015 with the benchmark KSE-100 index shedding near one per cent while only $38m worth of shares exchanged hands," an Elixir Securities note read.
"Concerns for economic uncertainty and political uncertainty played a catalyst role in the bearish close at PSX," Ahsan Mehanti of Arif Habib Corporation said.
A total of 360 scrips were traded in the session, of which 115 advanced, 228 declined and 17 remained unchanged.
Volumes were led by:
Chakwal Spinning: 5.6m shares traded [-7.74pc]
TRG Pak Ltd: 5.6m shares traded [+0.35pc]
Nishat (Chun.): 4.6m shares traded [+4.99pc]
K-Electric Ltd: 4.6m shares traded [-1.99pc]
Bal.Glass: 3.9m shares traded [+2.93pc]
