KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish trend once again as the benchmark index dropped below the 162,000-point level on Monday.
The market opened on a negative note at the start of the trading week, leading to a sharp decline in the KSE-100 Index.
According to market data, the KSE-100 Index fell by 1,432 points, settling at 161,871 points due to sustained selling pressure. The decline reflects investor concerns and profit-taking following recent market highs.
On the currency front, the US dollar experienced slight fluctuations in the interbank market. The greenback’s value dropped by one paisa, trading at Rs281 against the Pakistani rupee.
It is worth noting that at the close of trading last week, the stock market stood at 163,304 points, indicating a loss of over 1,400 points in early Monday trading.
Analysts attribute the bearish sentiment to uncertainty over economic indicators, cautious investor behavior, and global market trends.
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