Profit-taking was set in at Pakistan Stock Exchange (PSX) on Monday with share prices plunging by over 1,000 points, reported 24NewsHD TV channel.
The benchmark KSE-100 index plummeted by 1,000 points or 1.50 percent and was currently being traded at 65193.
The Index recovered some value in the later session but profit-taking was appeared to be the main element today with banking sector facing a hammering amid selling pressure.
Overall economic indicators, however, remain positive as investors have set their eyes on the International Monetary Fund’s (IMF) executive board meeting on January 11, 2024.
During the previous week, the stock exchange had witnessed a record-breaking trend as it hit historic highest levels on the back of aggressive buying by both local and foreign investors.
The benchmark KSE-100 index had soared by a massive 4,532.38 points on week-on-week basis and crossed the 66,000 psychological mark to close at new highest-ever level of 66,223.63 points.
Reporter Baseem Iftikhar