PSX sheds 454 points amid selling pressure

Summary

• The benchmark KSE-100 index lost 453.63 points, or 0.27%, to close at 165,966.09 points.
• However, renewed selling erased those gains, pushing the benchmark down to an intraday low of 165,918.35 points before the market closed lower.
• According to KTrade Securities, the benchmark shed 454 points, or 0.27%, amid cautious sentiment and subdued trading volumes of 109 million shares.

AI Generated Summary

The Pakistan Stock Exchange (PSX) ended Monday’s session in negative territory as persistent selling across major sectors and subdued trading activity weighed on investor sentiment.