KARACHI: The Pakistan Stock Exchange (PSX) closed the week sharply lower, with investors on the defensive amid disappointing corporate earnings and growing concerns over the Reko Diq project.
The benchmark KSE‑100 Index lost 4,526 points, falling from 184,129 points to close at 179,603 points on Friday, marking one of its weakest weekly performances in recent months.
Trading was dominated by bearish sentiment, with the market shedding five key psychological levels over the week. Out of five business sessions, only one saw modest gains, while four sessions recorded losses.
During the week, the index swung between a high of 185,650 points and a low of 178,237 points, reflecting ongoing volatility. Total market capitalization dropped by approximately Rs 523 billion, ending at around Rs 20,359 billion, wiping out significant investor wealth in a single week.
Market participants remained cautious amid weak earnings results, with several companies missing financial expectations. Investor sentiment was further dampened by renewed uncertainty surrounding the Reko Diq copper‑gold project, where concerns over financing and development timelines continue to weigh on confidence, particularly in resource-linked and exploration stocks.
During the week, the dollar became 9 paisa cheaper in the interbank market, according to the central bank.
In the interbank market, the dollar fell from 279.71 rupees to 279.62 rupees, the State Bank reported.
