KARACHI: The Pakistan Stock Exchange (PSX) remained bearish on Monday mainly due to political uncertainty ahead of Senate elections scheduled for March 3. The performance of global equity markets remained mixed, whereas crude oil prices moved up from the previous close; WTI crude oil price appreciating 1.28pc to $62.30 while Brent crude oil price was rising 1.24pc to $65.22 (as at 3:44pm PST). The overall market volumes contracted from 479.97 million shares on Friday to 368.21 million shares (-23pc). Sectors that drove the benchmark index north included banking (-104.78 points), textile composite (-27.05 points) and pharmaceutical (-25.61 points). Among the companies, banking players United Bank Ltd (UBL -38.64 points), Habib Bank ltd (HBL -32.51 points) and Bank Al Habib Ltd (BAHL -18.44 points) dented the index the most.

Source: Pakistan Today March 01, 2021 16:18 UTC