Business

PSX opens lower as KSE-100 index loses 216 points

The Pakistan Stock Exchange (PSX) opened the week on a lower note, with the benchmark KSE-100 index losing 216 points but managing to close above the 40,000-mark.
The index lost around 300 points within the first 15 minutes of trading and touched the day’s low of 39,933 before closing at 40,032.
The market closed lower “over concerns on the ongoing political environment in the country,” a note by JS investments read.Around 111 million shares worth Rs4.3 billion changed hands during the session. Of the total of 340 traded scrips, 136 advanced, 179 declined and 25 remained unchanged.
Power generation and distribution sector dominated trading as K-Electric remained the most traded entity with 40 million shares traded.