PSX starts week with bearish trend

PSX starts week with bearish trend

Karachi (Staff Report): The Pakistan Stock Exchange (PSX) started the week with negative trend as the benchmark KSE-100 index shed 33 points to close at 41,031 points.


The market touched a day's low of 40,928 points during the first hour of the session; it hit a day's high of 41,232 points in intraday trading.

Only 75.4 million shares, worth Rs4.5 billion, were traded on the broader market amidst the technical glitches. Of the 334 traded scrips, 98 gained in value, 221 declined and 15 remained unchanged.

The communication sector dominated trading with 12.7m shares traded; the power generation and distribution sector followed with almost 11m shares traded.