Shares at PSX shed over 1,100 points in line with global markets

Shares at the Pakistan Stock Exchange (PSX) traded in the red on Monday as the benchmark KSE-100 shed more than 1,100 points which analysts said was “in line with global markets”.

The benchmark KSE-100 index declined by 724.96 points, or 0.93 per cent, to stand at 77,501.02 points from the previous close of 78,225.98 at 2pm. Finally, the index closed at 77,084.48 points, down by 1141.50 points or 1.46pc, from the previous close.

Mohammed Sohail, chief executive of Topline Securities...