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BusinessLatest

PSX Opens in Sharp Decline; KSE-100 Index Drops by 2,857 Points

By Staff Writer

KARACHI: The Pakistan Stock Exchange (PSX) commenced trading today with a significant downturn, as the KSE-100 Index plummeted by 2,857 points, settling at 160,240 points.

This sharp decline underscores the prevailing bearish sentiment among investors, influenced by a confluence of domestic economic challenges and global market uncertainties.

This downturn follows a challenging week for the market. The KSE-100 Index closed last week at 163,098 points, marking a notable weekly loss of 5,891 points, the lowest closing level in 10 days.

Trading volumes for KSE-100 Index stocks were recorded at 607.6 million shares, indicating heightened investor activity amid the market’s volatility.

Over the past four weeks, the KSE-100 Index has experienced a decline of 4.46%, reflecting ongoing investor concerns and market uncertainties. Despite these challenges, the index has shown resilience, with a 90.80% increase over the past year, highlighting its potential for recovery in the long term .

Staff Writer
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