Although the KSE-100 Index at one point was down as low as 27,467.35 (642.22 points), the Pakistan Stock Exchange (PSX) managed to minimise the losses by closing at 28,023.39 with an overall loss of 86.18 points on Monday.

The PSX remained in the negative territory for the entire session after starting the day from the previous level of 28,109.57.

The 0.31 percent loss on Monday meant that the index is down 31.21 percent since the start of the year after a total of 127,644,266 shares were traded.

During the day, the index vacillated between 27,467.35 [the lowest point] and 28,114.10 [the lowest point].

On Friday last, the business week was closed with the PSX staying in the positive territory as the KSE-100 Index closed at 28,109.57 after gaining 842.37 points.

A total of 141,970,621 shares traded on a day which started with the index at 27,267.20.

During the day, the index dropped down to as low as 27156.53 and reached the highest point of 28273.09.

The two consecutive days of gains gave some temporary confidence to the investors on a day which also saw the State Bank pumping over $300 million dollars into the system to control the alarming rise in the dollar’s inter-bank rate.

It resulted in a dramatic cut in the dollar exchange rate from the all-time high of Rs169 to Rs165.