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KARACHI: After a bullish start, the Pakistan Stock Exchange (PSX) on Monday came under renewed selling pressure amid looming uncertainty over the ongoing peace talks, which unsettled equity investors. They resorted to profit-taking, and as a result the benchmark KSE-100 index extended its losses for the second straight session.
Topline Securities Ltd said the index closed at 178,471 points, down 450 points or 0.25 per cent, as profit-taking emerged after the index’s earlier intraday rally and the strong gains recorded in previous 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.
On the index contribution front, heavyweight constituents Fauji Fertiliser Company, Bank Al-Habib, Habib Bank, Lucky Cement, and MCB Bank collectively shaved 326 points off the benchmark.
