KARACHI: Stocks remained subdued on Monday for the second consecutive session as the 47,000-point barrier again proved a tough nut to crack.
Trading started on a dismal note with the KSE 100-share index barely moving as investors were undecided on the direction of the market. The trend remained choppy with the index swaying between intraday low of 247 points and high of 168 points. The benchmark settled with a loss of 184 points, or 0.39 per cent, at 46,721.87.
The figures released by the National Clearing Company of Pakistan in the evening showed foreign selling of stocks worth $1.36m. Among the locals, banks were the major spoilers that dumped shares of $4.66m.