KARACHI: The benchmark KSE-100 Index closed Monday’s session at 178,471 points, down 450 points (-0.25%), as profit-taking emerged following the index’s earlier intraday rally and the strong gains recorded over preceding sessions.
The index touched an intraday high of 180,507 points before easing to a low of 178,337 points as selling pressure intensified through the latter half of the session.
Market activity with total traded volume 807 million shares and traded value reaching approximately Rs36 billion.
On the index contribution front, heavyweight constituents FFC, BAHL, HBL, LUCK, and MCB emerged as the primary drivers of downward momentum, collectively contributing 326 points to the benchmark’s decline.
More read, PSX posts strong weekly gains, KSE-100 index rises 3.8%
Earlier, The Pakistan Stock Exchange (PSX) recorded a strong bullish trend during the weekly trading session, with the benchmark KSE-100 Index gaining 3.8% on a week-on-week basis.
The index rose by 6,523 points over the week, closing at 178,922 points, up from 172,399 points in the previous week.
During the week, the stock market successfully regained six key psychological levels, reflecting renewed investor confidence.
The KSE-100 Index touched a weekly high of 182,185 points, while the weekly low was recorded at 175,085 points.
The total market capitalization increased by Rs874 billion over five trading sessions, reaching Rs19.994 trillion.
Market analysts attributed the bullish momentum to improving global conditions and easing geopolitical tensions.
