Pakistan Stock Exchange (PSX) benchmark KSE-100 index was down 487 pointsor-1.14 percent, on Monday to reach 42,449.25 points at 10:54 am.
The share price volume resisted after a sharp plunge right after theopening bell, when the index was down 729 points, or 1.52 percent, to reach42,282.48 points at 10:02 am.
As per reports, the opening sharp slump was attributed to the centralbank’s surprise move to hike the policy rate by 100 basis points on Fridayevening.
Last week on the closing day of the trading week, lackluster activitymarked the trading session on the PSX as investors preferred to stay on thesidelines ahead of the announcement of the monetary policy announcement onFriday.
Trading began on a positive note as the army chief’s appointment a day agoproved the much-needed clarity on the political ground.
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As a result, the KSE-100 index settled at 42,936.73 points, up 33 points or0.08 percent from the preceding session.
The trading volume increased 15.8pc to 177.3 million shares while thetraded value went up 3.3pc to $27m on a day-on-day basis.
