Pakistan Stock Exchange (PSX) turned to profit-taking activity on Monday, with the benchmark KSE-100 Index shedding 61.95 points (-0.13 percent) to close at 46,539.59 points.
The market opened on a positive note and touched the day’s high by gaining over 360 points in the early trade to reach a near six-month high at 46,970 points level.
The investors welcomed the news about talks between the government and the International Monetary Fund (IMF) on the revival of the Extended Fund Facility (EFF).
Moreover, the rally was also led by the oil and gas exploration sector on the backdrop of increase in global oil prices and market chatter of one time heavy dividend in the OGDC and PPL stocks, according to Topline Securities. TLTP
