Shares at PSX reverse gains after upward start

Bears took control of the trade floor on Monday as shares at the Pakistan Stock Exchange (PSX) reversed their short-lived gains in intraday trade, declining more than 400 points after a week of volatility.

The benchmark KSE-100 index climbed by 941.79 points, or 0.82 per cent, to stand at 116,411.13 from the previous close of 115,469.34 at 10:05am.

However, at 1:49pm, selling pressure ensued as the index decreased by 410.08 points, or 0.36pc, to stand at 115,059.26 from the previous close.