PSX closes with moderate gains, benchmark index up 0.08pc
The Pakistan Stock Exchange started the week on a tentatively positive note, with the benchmark KSE-100 index posting moderate gains of 40.55 points, or 0.08 per cent, by the close of the trading session to reach 49,965.63 points.
Monday's trading session had opened on a strong note, with the KSE-100 index gaining 327 points to rise above the 50,000 points mark by the midway point of the trading session.
However, investors started abandoning their positions in the second half of the session, almost erasing the index's gains by the end of the day.
The index touched a day's high of 50,322.55, then slid to a low of 49,834.69 points before recovering moderately thereafter.
143 million shares had changed hands by the day's end, with a total worth of nearly Rs12.74 billion.
Stocks of 367 companies were traded, of which 227 gained in value, 128 declined and 12 remained unchanged.
Volumes were led by:
Dost Steels Ltd: 32m shares traded (-4.20pc);
Aisha Steel Mills: 29.57m shares traded (-3.58pc);
K-Electric Ltd: 20.82m shares traded (-0.69pc);
Power Cement Ltd: 17.66m shares traded (+5.3pc); and
TRG Pak Ltd: 15.67m shares traded (-3.78pc).