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  • Shares at PSX lose over 400 points

    Shares at PSX lose over 400 points File Photo Shares at PSX lose over 400 points

    Shares at the Pakistan Stock Exchange’s benchmark index lost more than 400 points to settle at 75,517.48 levels on Monday.

    According to the PSX website, the KSE-100 index shed 465.55 points to reach 75,517.48 levels, depreciating by 0.61% per cent against the previous closing of 75,983.03.

    Shares at the PSX benchmark index scaled a record high and breached the key 76,000 level on May 24 in the intraday trade as the International Monetary Fund and Pakistan make “significant progress” towards reaching a staff-level agreement for an extended fund facility.

    But the KSE-100 index had 75,983.03.

    Mohammed Sohail, the Topline Securities CEO, has said that although the market appears to be at an all-time high of 76,000 compared to the previous Index peak of 53,000 in 2017, it’s still lower adjusted for dividends.

    “The KSE 100, a total return index including dividends but the KSE 30, a price-only index, remains 15% below its 2017 peak,” he said in a long post on X on Sunday.