The Pakistan Stock Exchange (PSX) opened the week lower, with the benchmark KSE-100 Index losing 527 points to close at 40,317 points on Monday.

The index gained slightly after the market opened to touch the day's high of 40,923, but shed points throughout the rest of the day to hit 40,260 towards the day's close.

Volumes dropped from Friday with just over 94 million shares worth Rs4.3 billion traded. Only 76 of the 335 traded scrips advanced, while 237 declined and 22 remained unchanged.

The technology and communication sector dominated trading with over 20m shares traded.

Foreign investors were net sellers in the day, while local individual investors joined mutual funds in selling.

Volumes were led by:

  1. TRG Pak Ltd: 13.0m shares traded [-4.21pc]

  2. Dost Steels Ltd: 8.1m shares traded [+0.90pc]

  3. Azgard Nine: 6.3m sahres traded [-3.58pc]

  4. WorldCall Telecom: 5.3m shares traded [+3.30pc]

  5. Unity Foods(R): 4.6m shares traded [-21.01pc]

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

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...