PSX: selling pressure at bourse, KSE-100 settles over 450 points lower

The Pakistan Stock Exchange (PSX) witnessed selling pressure on Monday, with the benchmark KSE-100 Index closing in negative territory with a loss of over 450 points. The benchmark index opened on a negative note and declined towards the session low of 165,918.34 before recovering sharply, climbing above 166,400 points and hitting an intra-day high of 166,698.46. It traded within a relatively narrow range around 166,400–166,600 for much of the late morning and early afternoon. However, the market lost momentum in the second half of the session, with the index retreating from its afternoon highs and the benchmark eventually ending trading close to its intra-day low.