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PSX sheds 180 points

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The Pakistan Stock Exchange (PSX) turned bearish on Monday, with the benchmark KSE-100 Index shedding 180.76 points (-0.38 percent) to close at 47,115.04 points.

The market opened on a positive note but remained volatile throughout the session switching between the red and green zones due to inflationary concerns amid higher energy prices.

The KSE-100 Index moved in a range of 421.3 points, showing an intraday high of 47,442.5 points and a low of 47,020.8 points.

Among other indices, the KSE All Share Index shed 124.65 points (-0.39 percent) to close at 32,132.29 points, while All Share Islamic Index shed 138.16 points (-0.6 percent) to close at 22,819.7 points.

A total of 380 companies traded shares in the stock exchange, out of them shares of 131 closed up, shares of 233 closed down while shares of 16 companies remained unchanged.

Out of 97 traded companies in the KSE-100 Index, 24 closed up, 68 closed down and five remained unchanged.—TLTP

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