Pakistan Stock Exchange as KSE-100 index loses 758 points

The Pakistan Stock Exchange (PSX) opened the week in the red, with the benchmark KSE-100 index losing 758 points to close at 40,464.
The index opened lower and continued on a downtrend, hitting a day’s low of 40,418 points.
“Negativity in the market was due to noise on the political front declining foreign reserves and lower oil prices,” JS Market Research noted.
Volumes dropped to only 109 million shares today while the traded value stood at Rs5.1 billion.Of the 324 scrips traded, 73 advanced, 233 declined and 18 remained unchanged. The transport sector dominated trading with 16.5m shares traded.