Range-bound session keeps bourse in red

The Pakistan Stock Exchange (PSX) wrapped up Monday's session on a subdued note, with the benchmark KSE-100 index ending slightly in the red as investors remained cautious in the absence of strong triggers. Trading activity was largely range bound, where the index touched the day's high at 172,168 and low at 170,859, indicating a lack of clear direction. Participants appeared selective, opting for stock-specific positions rather than broad-based exposure. Sector-wise performance was mixed. While selling pressure was seen in stocks of banking, fertiliser, energy and cement sectors, certain companies in the food sector managed to attract buyers. The bourse closed at 171,204, down 200 points, or 0.12%. In its market wrap, KTrade Securities observed that the PSX began the rollover week on a subdued note, with range-bound trading and relatively low volumes on the regular counter. The KSE-100 index slipped 200 points to close at 171,204.