Volatile session sees PSX lose over 1,100 points

The Pakistan Stock Exchange (PSX) extended its losing streak on Monday in the first session of the rollover week, as investors continued to offload holdings and lock in profits at inflated levels. According to Topline Securities Ltd, the KSE-100 index settled at 162,163.81 points, shedding 1,140.32 points after a highly volatile trading session. The benchmark oscillated between an intraday high of 163,570.83 and a low of 161,766.62, with fluctuations largely driven by rollover pressure ahead of futures contract expiry. Major laggards included Pakistan State Oil, Lucky Cement, United Bank, Mari Petroleum and Pakistan Petroleum Ltd, which collectively pulled the index down by 505 points. Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said investor sentiment remained subdued throughout the session, as participants adopted a cautious approach ahead of the much-anticipated monetary policy annou–ncement.