After over 700-point fall, KSE-100 recovers to end marginally negative The Pakistan Stock Exchange (PSX) saw decent recovery after stocks opened on massive selling pressure on Monday, with the KSE-100 ending only marginally negative. Negative investor sentiment, arising due to ongoing flash floods in the country coupled with anxiety over the International Monetary Fund (IMF) board meeting, affected trading activity at the start of the session. However, the KSE-100 index posted a massive recovery towards the latter part of the session. A fresh buying spell in the final hour aided the index in erasing majority of the losses. KSE-100 finishes below 43,000 after 441-point decrease Automobile, chemical and banking sectors closed mostly in the red while cement scrips outshined and attracted modest buying. Moreover, oil sector stocks closed on a mixed note. “Flood situation dented market sentiments (in the first half),” Sana Tawfik, vice-president of research and a senior analyst at Arif Habib Limited (AHL), told Business Recorder . The analyst informed that the banking sector would be the hardest hit, as its agriculture-based loans would be impacted due to the floods.