KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharp bearish trend on the first trading day of the week, with the benchmark KSE-100 Index closing down more than 5,400 points amid sustained selling pressure.
Trading began on a negative note, as the KSE-100 Index dropped 633 points in early hours to 172,536. The downward momentum intensified during the session, pushing the index down by 1,556 points to 170,980 at one stage.
By the close of trading, the bearish trend persisted, and the index settled at 167,691 — marking a steep decline of 5,478 points for the day.
During intraday trading, the KSE-100 Index touched a high of 174,336 and a low of 166,886, reflecting heightened volatility in the market. Overall, the benchmark index recorded a 3.16 percent decrease for the session.
Speaking at a listing ceremony, PSX Chief Executive Officer Farrukh H. Sabzwari said that declining interest rates and the prevailing international political situation are significantly influencing market sentiment.
He added that developments surrounding the Reko Diq project, along with corporate financial results, are also shaping market direction. According to Sabzwari, the market has retreated from its peak level recorded in January.
He further noted that the evolving situation between Iran and the United States has created uncertainty regarding global oil prices, making it difficult to predict their future trajectory.
