Shares at the Pakistan Stock Exchange’s benchmark index lost more than 400 points to settle at 75,517.48 levels on Monday.

According to the PSX website, the KSE-100 index shed 465.55 points to reach 75,517.48 levels, depreciating by 0.61% per cent against the previous closing of 75,983.03.

Shares at the PSX benchmark index scaled a record high and breached the key 76,000 level on May 24 in the intraday trade as the International Monetary Fund and Pakistan make “significant progress” towards reaching a staff-level agreement for an extended fund facility.

But the KSE-100 index had 75,983.03.

Mohammed Sohail, the Topline Securities CEO, has said that although the market appears to be at an all-time high of 76,000 compared to the previous Index peak of 53,000 in 2017, it’s still lower adjusted for dividends.

“The KSE 100, a total return index including dividends but the KSE 30, a price-only index, remains 15% below its 2017 peak,” he said in a long post on X on Sunday.