Massive Sell-Off Hits Pakistan Stock Exchange
From the opening bell, the benchmark KSE-100 Index showed a strong negative trend. At one point during intraday trading, the index plunged by more than 6,000 points. It was recorded trading down by 6,029 points at 173,574, reflecting a decline of over 3.19%.
The steep drop triggered concerns among business leaders and investors as market capitalization saw a significant erosion.
It is worth noting that the previous trading week had also closed on a negative note. The KSE-100 Index had fallen by 4,525 points to settle at 179,603. During the week, the index moved within a band of 7,413 points.
A total of 4.31 billion shares were traded over the week, with transactions valued at Rs212 billion. Meanwhile, overall market capitalization declined by Rs523 billion, settling at Rs20,359 billion.
Market analysts attribute the continued bearish trend to investor uncertainty, profit-taking, and broader economic concerns. Investors are closely monitoring upcoming economic indicators and policy developments for market direction.