KARACHI: The Pakistan Stock Exchange (PSX) concluded Monday’s session on a subdued note, with the KSE-100 index closing 200 points lower at 171,204, reflecting cautious investor sentiment amid a lack of strong market triggers. The index fluctuated between a high of 172,167 and a low of 170,859, indicating range-bound trading.
Sector-wise, selling pressure was mainly seen in banking, fertiliser, energy, cement, and power stocks, while selective buying supported investment and food sector shares. Major movers included declines in Habib Bank, United Bank, Fauji Fertiliser, Pakistan State Oil, Cherat Cement, and Hub Power, with gains in Lucky Cement, Engro Holdings, Fatima Fertiliser, and Rafhan Maize Products.
Market participation remained reasonable with total traded volume of 684.5 million shares worth Rs30.1 billion. Of 486 companies traded, 143 advanced, 288 declined, and 55 remained unchanged. K-Electric led volumes with 112.7 million shares traded, closing at Rs6.10. Analysts expect cautious trading to continue amid rollover activity and a shortened week, despite a constructive outlook supported by improving macroeconomic conditions.
