PSX begins week on negative note

PSX begins week on negative note

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KARACHI: The bears and bulls locked horns at the Pakistan Stock Exchange (PSX) on Monday as the KSE-100 index traded on both sides of the fence, but closed with a loss of 62 points.

The KSE-100 index went through a range-bound trade that ended in a bearish majority. There was selling pressure in the cement, banking and technology sectors.

The depreciation of the rupee against the dollar, coupled with uncertainty over the plans of the International Monetary Fund (IMF), dampened investor sentiment.

At the close, the KSE-100 index was down 61.95 points, or 0.13%, at 46,539.59.

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