The Pakistan Stock Exchange (PSX) started the week on a negative note, with the benchmark KSE 100 Index losing 588 points, or 1.44%, by the close of the trading session to reach 40,209.

Close to 217.2 million shares changed hands by the end of the session, with a total worth of nearly Rs8.98 billion.

Stocks of 365 companies were traded, of which 80 gained in value, 268 declined and 17 remained unchanged.

Power Cement share price was down 5.25%, trading at Rs9.02; Hascol share price was down 6.35%, trading at Rs15.63; TRG share price was down 6.88%, trading at Rs45.64; Unity Foods share price was down 5.67%, trading at Rs16.29; while JSCL share price was up 1.56%, trading at Rs26.68.

Volumes were led by Power Cement Ltd, with 50.57 million shares traded. Hascol, TRG Pakistan, Unity Foods Ltd and Jahangir Siddiqui and Co Ltd (JSCL) closed out the top five symbols traded, with volumes of 41.8m, 23.4m, 19.6m and 19.2m, respectively.

Power Cement share price was down 5.25%, trading at Rs9.02; Hascol share price was down 6.35%, trading at Rs15.63; TRG share price was down 6.88%, trading at Rs45.64; Unity Foods share price was down 5.67%, trading at Rs16.29; while JSCL share price was up 1.56%, trading at Rs26.68.

The KSE-100 Index traded within a margin for most of the day, reaching its highest point at close to 11am at 41,047. 

The author is a member of staff and heads the sports and business desks at The Correspondent. He mainly lives in the shadows as a ghost writer so you may have read his work and not even known it. He can be reached at asadqasim@thecorrespondent.pk

The author is a member of staff and heads the sports and business desks at The Correspondent. He mainly lives in the shadows as a ghost writer so you may have read his work and not even known it. He can be reached at asadqasim@thecorrespondent.pk

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