KARACHI: The Pakistan Stock Exchange witnessed a severe downturn at the start of the week. The 100 Index opened with a decline of over 3,000 points, and the losses continued to deepen.
After a correction, the index was trading at 116,540 points, down by 2,250 points. This marked one of the biggest declines in the market’s history during a trading session.
Trading was suspended after a staggering drop of 96,249 points, with the 100 Index falling below the 113,000 level and trading at 112,542 points.
Experts say that following the Trump tariffs, markets across Asia and the Middle East are under pressure, which is also affecting Pakistan’s stock market.
It is worth noting that on the last day of the previous trading week, the Pakistan Stock Exchange had ended on a bearish note after a strong rally.
On Friday, the 100 Index closed at 118,791 points after a 146-point decline, though it had crossed the 120,000-point level for the first time during trading.
The announcement of reduced electricity prices in Karachi had previously pushed the Pakistan Stock Exchange to new highs, with the index reaching an intraday high of 120,796 points and a low of 118,718 points.
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