Stocks close in red amid economic uncertainty

The Pakistan Stock Exchange (PSX) experienced a mixed session on Monday, with the KSE-100 Index closing 205 points lower after fluctuating between gains and losses throughout the day. The stock market’s benchmark index began the session on a positive note, reaching an intra-day high of 79,014.68. However, profit-taking in the second half of the session pushed the index down to the intraday low of 78,240.36. The index finally settled at 78,283.29, down 0.26pc or 204.92 points. Ahsan Mehanti of Arif Habib Corporation said stocks closed lower on economic uncertainty and concerns over the outcome of ongoing regulatory oversight on share trading for public interest.