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PSX: Week commenced with bears growling all over the bourse!

SANA MAHMOOD

KARACHI: Political noise and falling global crude prices were two of the reasons that allowed bear enter the bourse causing benchmark KSE-100 index plummet 0.88 per cent on Monday (7th of August).

Commercial banks (45.5m shares), technology sector (22m shares) and engineering sector (21.7m shares) led the first day of week’s trading.  

Rs. 7.1b worth of 100 million shares changed hands. Of 384 entities that traded, value of shares of 15 remained stagnant, 106 augmented while all the remaining went down.

Monday’s top five leaders were: Bank of Punjab, 17m shares (-4.88pc); K-Electric Ltd.,  14.8m shares (+0.69pc); Summit Bank, 14.8m shares (-18.66pc); TRG Pak Ltd., 8.2m shares -4.80pc) & Byco Petroleum, 8.0m shares (-2.39pc).