Dealers said though the apex bourse shed 1 percent but a letup was witnessed in the rampant offloading of banking stocks. The banking stocks are in troubled waters since the State Bank of Pakistan (SBP) increased the minimum Profit and Loss Sharing Saving Account (PLS) rate.
The capital market also saw some profit-taking in Monday’s session, traders said.
The Bank of Punjab (BoP) lost 2 percent to Rs10.77 while National Bank of Pakistan (NBP) was down 0.35 percent to close at Rs48.57.
In the currency market the rupee finished lower at 106.17/106.22 against the dollar as compared to Friday's close of 105.12/105.18.
