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Tuesday , September 26 2017
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Home / Markets / Stocks open week on negative note, shed 216pts in early trading
Stocks open week on negative note, shed 216pts in early trading

Stocks open week on negative note, shed 216pts in early trading

KARACHI: The Pakistan Stock Exchange (PSX) started new trading week on negative note and shed 216 points to drop to 42426.11 points level in early trading on Monday.

On Friday, the stocks ended the trading week on positive note, with the benchmark KSE-100 index gaining 373 points or (0.88 percent) to close at 42,642 points.

The KSE-100 index continued its bearish momentum during the first half of the trading session as the index made an intraday low of 432 points, however recovered during the second half, closing at 42,642 level, brokers said. LUCK (up 3.87pc), SNGP (gain 4.78pc), HBL (up 1.08pc) and DGKC (rose 3.43pc) were the major leaders for the day cumulatively contributing 161 points to the index. On the other hand, TRG (down 4.59pc), PPL (slip 0.74pc), FFC (dip 0.75pc), and KAPCO (slump 1.12pc) were the major laggards, taking the index down by 44 points.

Volumes deteriorated 4 percent day-on-day standing at 177 million shares as compared to 185 million shares in the previous trading session. While traded value declined to Rs9.3 billion/$89 million.