The Pakistan Stock Exchange witnessed a significant downturn on Monday, as overall market capitalisation diminished by over PKR 57.57 billion following a bearish trading session. The benchmark KSE-100 index concluded the day in the red, shedding 579.17 points to close at 188,587.66.
Both key indices recorded identical declines of 0.31 per cent, indicating a broad-based negative trend. The KSE-100 index experienced considerable intraday volatility, reaching a high of 191,032.73 before retreating to a low of 188,268.39.
Similarly, the KSE-30 Share Index fell by 180.82 points, settling at 58,026.90. It fluctuated between a daily high of 58,935.03 and a low of 57,891.26.
Activity in the regular market segment saw a slight contraction. Share turnover decreased to 870.44 million shares from the previous session”s 877.55 million. The traded value also declined, registering at PKR 57.19 billion compared to PKR 58.59 billion a day earlier.
In a stark contrast, the Deliverable Futures Contracts (DFC) segment experienced a surge in trading. Turnover in futures more than doubled to 374.87 million, with the traded value escalating to PKR 28.56 billion from a prior PKR 11.94 billion.
The substantial erosion in value brought the total market capitalisation down to PKR 21.161 trillion from its previous standing of PKR 21.219 trillion. Meanwhile, trading in Off-Market Deals (ODL) saw a sharp drop in both volume and value.