In trading leading up to Monday’s monetary policy statement, the benchmark KSE-100 fell more than 1,000 points on the Pakistan Stock Exchange (PSX), indicating heavy selling pressure. Bears maintained control of the market the whole day.
The benchmark index fell 1,039.34 points, or 1.63%, to 62,773.72 at the closing. Sectors weighted on the index, such as cement, chemicals, commercial banks, oil and gas exploration, OMCs, power generation, and refinery, saw selling across the board.