Staff Reporter
Karachi
Stocks tumbled as much as 670 points during Monday’s session as the benchmark KSE-100 index fell to a low of 40,152.70 points in the session’s afternoon hours.
Oil and gas exploration, cement and commercial banks led the losses during the session.
The index opened on a positive note gaining 218 points in the first two hours of trade.
Higher-than-expected remittances inflows, as reported by the State Bank of Pakistan, helped lift investment sentiment in the early trading hours.
The market closed with the benchmark index 583 points in the red, or down 1.4pc, at 40,215.
