Pakistan Stock Exchange plummets over 1300 points

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KARACHI: The Pakistan Stock Exchange continued its downward spiral as the KSE-100 plummeted over 1,300 points on Monday.
KSE-100, the benchmark index of the Pakistan Stock Exchange decreased by 1,328.06 points or 3.39% to 37,898.29 points.
The day’s high (39,297) and low (37,769) coincided respectively with the day’s open and close of trading.
Volumes were sharply lower, with 186 million shares in all changing hands. Of the 349 scrips active, only 37 managed a positive close, while 297 closed red and 15 remained unchanged.
The Bank of Punjab (18.4m shares traded), K-Electric (12.2m), Worldcall Telecom (10.3m), TRG Pakistan (8.1m) and Lotte Chemical (6.4m) dominated volumes.
In terms of overall volume, Commercial Banks dominated trading activity, followed by Technology & Communication scrips, Chemicals, Cement and Power Generation.

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