The KSE-100 index closed down 231 points or two per cent at 11,375 points. Local investors preferred to stay sidelined after a massive outflow of $16 million last week, said Topline Securities equity dealer Samar Iqbal.
Index heavyweight Oil and Gas Development Company contributed around 100 points to the total decline of 231 points, added Iqbal. The scrip plummeted 3.85 per cent to close at Rs135.63.
Volumes more than halved to 59 million shares, com pared with Friday's tally of 125.13 million shares.
National Bank of Pakistan fell 3.45 per cent and the stock will trade ex-payout Rs7.5 per share cash and 25 per cent stock dividend from today (Tuesday). The bank was the volume leader with 7.19 million shares, dropping Rs2.65 to finish at Rs74.16.
It was followed by Pace Pak Limited with six million shares, gaining Rs0.08 to close at Rs3.11 and Lotte Pakistan PTA with 5.86 mil lion shares, losing Rs0.08 to close at Rs15.64.
On the other hand, United Bank bucked the trend to close positive on local interest. The scrip gained Rs0.18 to close at Rs58.1.
Shares of 329 companies o were traded on the first trad ing session of the week. At d the end of the day, 68 stocks o closed higher, 171 declined and 90 remained unchanged.
8 The value of shares traded during the day was Rs2.97 s billion.
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