Pakistan, Jan. 12 -- Pakistan Stock Exchange (PSX)snapped its three-day winning session on Monday, as benchmark kse-100 index failed to sustain bullish momentum and succumbed to profit-taking. On the first trading session of the week, the index crossed 46,000 mark for the first time since April 2018, but pared earlier gains to close at 45,605.42 index level, after losing 48.92 points by the closing bell.

The initial buying activity was witnessed across the board, as investors geared up in anticipation of annual financial results. During the session major moves were recorded in blue-chip stocks, especially in banking scrips, which have remained muted in the previous rally. However, after peaking at intra-day high at 46,109.36 index level,...