Consolidation was witnessed at the PSX during the first trading session of the week. The KSE100 index closed 92 points in the negative to settle at 42,115.

Trading was largely listless during this Monday with the index recoding just a difference of 300 points between its high and low. Lack of triggers also caused volumes to lag compared to the previous session.

Falling oil prices in the global market could cause some concern for the E&P sector of Pakistan. The continued surge in Coronavirus cases globally were the cause for renewed lockdowns. This in turn effects the demand for oil across the world hence putting pressure on prices.

Weekly inflation continued on a downward trajectory which can possibly pave the way for further easing of monetary policy.

At the closing bell 205 companies closed in the red with 139 scrips advancing. 25 companies remained unchanged.

Market participation for the KSE100 Index increased to 191M from 237M in the previous session (-19% on d/d basis). Major contribution to total market volume came from TRG, UNITY and JSCL combined for 90M shares out of the total market volume of 380M shares.