LatestPakistan

PSX slumps over 5,100 points amid regional uncertainty

The index fell from 173,169 points at the start of the week to settle at 168,062 points by the end of trading.

KARACHI: Pakistan Stock Exchange witnessed a bearish trend during the outgoing trading week, as the benchmark KSE-100 Index posted a significant decline amid heightened regional tensions and economic uncertainty.

The market remained under sustained pressure throughout the week, closing lower by 5,107 points. The index fell from 173,169 points at the start of the week to settle at 168,062 points by the end of trading.

During the week, the market lost five key psychological levels, reflecting persistent selling pressure. Out of the five trading sessions, four ended in losses, while only one session closed in positive territory.

Despite the overall negative momentum, the KSE-100 Index touched a weekly high of 174,336 points, while the lowest level recorded during the week stood at 162,953 points, indicating significant intra-week volatility.

Market capitalization declined by Rs672 billion over the five trading sessions, bringing the total market value down to Rs18,930 billion by the close of the week.

Trading activity remained relatively active, with approximately 2.99 billion shares changing hands during the week, generating a cumulative turnover of Rs154 billion.

Key Factors behind the Decline

According to market experts, the bearish trend was largely driven by: rising Pakistan-Afghanistan tensions, prevailing economic uncertainty and continued selling pressure from investors

Analysts noted that cautious investor sentiment and regional geopolitical concerns kept the market in the negative zone throughout most of the week.

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