Sharp Decline at Pakistan Stock Exchange as KSE-100 Index Plunges Over 5,400 Points

Karachi: The Pakistan Stock Exchange witnessed a sharp bearish trend on the first trading day of the week, with the benchmark KSE-100 Index closing down by more than 5,400 points.

Trading began on a negative note, as the KSE-100 Index fell by 633 points to 172,536 shortly after the market opened. Selling pressure intensified during the session, pushing the index down by 1,556 points to 170,980 at one stage.

By the end of the trading session, the downward trend persisted, and the index closed at 167,691 points — a massive decline of 5,478 points, reflecting a 3.16 percent drop.

During intraday trading, the index reached a high of 174,336 points and a low of 166,886 points, indicating significant volatility throughout the session.

Speaking at a listing ceremony at the Pakistan Stock Exchange, CEO Farrukh Sabzwari said that interest rate cuts and the prevailing political situation are influencing market performance.

He added that developments related to the Reko Diq project and corporate financial results are also affecting market direction. According to him, the market has retreated from its peak level recorded in January.

Sabzwari further noted that uncertainty surrounding the current tensions between Iran and the United States has raised questions about the future direction of global oil prices, adding to investor concerns.