Bears took control of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares declined by 1,200 points.

The benchmark KSE-100 index declined by 1,207.25 points, or 1.07 per cent, to stand at 112,044.41 points from the last close of 113,251.66 at 1:32pm.

Finally, the index closed at 111,986.88, down by 1,264.78 points or 1.12pc, from the previous close.

Yousuf M. Farooq, director research at Chase Securities, said, “Shares worth only Rs18 billion were traded today on the first day of Ramazan, as market activity remained subdued due to shorter trading hours — Ramazan typically sees lower participation.”

He noted that investors were now focused on the upcoming International Monetary Fund (IMF)........

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