The Pakistan Stock Exchange (PSX) closed modestly higher on Monday as the benchmark KSE-100 index rose 172.77 points to close at 139,380.06.
Despite briefly crossing the 140,000 mark during early trade, profit-taking in banking-sector blue chips pulled the index below the threshold by the close of the session.
The stock experts said the PSX again attempted to pass the 140,000 mark but in vain as the KSE-100 index ended the day at 139,380 points.
He said 100 index touched intra-day high at 140,149 (up 942 points) in early hours. However, the buying spree proved short-lived as the market succumbed to selling headwinds and ultimately lost the 140,000 level to profit-taking.
Overall trading volumes decreased to 589.3 million shares compared with Friday’s tally of 634.8 million. Traded value increased to Rs34.6 billion as compared to Rs24.6 billion in the previous session.
Overall, shares of 483 companies were traded. Of these, 251 stocks closed higher, 205 dropped and 27 remained unchanged. Aisha Steel Mills was the volume leading with trading in 51.8 million shares, gaining 42 paisa to close at Rs12.76.