KARACHI: The Pakistan Stock Exchange opened the new business week in the red, with significant losses recorded during early trading hours on Monday.
At the start of trading, the benchmark KSE-100 Index plunged by more than 1,300 points, falling to 169,268 points compared to the previous close of 170,672 points at the end of last week.
Market analysts attributed the early downturn to cautious investor sentiment and profit-taking, as uncertainty continues to influence trading activity.
In contrast, major Asian markets showed a positive trend. Japan’s Nikkei Index rose by 1.89 percent, Thailand’s SET Index gained 1.71 percent, while China’s Shanghai Composite Index edged up by 0.15 percent. Hong Kong’s Hang Seng Index also recorded a modest increase of 0.13 percent.
Despite the regional uptick, the local market remained under pressure, reflecting domestic economic concerns and investor caution at the start of the week.
