KARACHI: The Pakistan Stock Exchange (PSX) witnessed a significant bearish trend during the outgoing week, as heavy selling pressure dragged the benchmark index sharply lower.
During the week, the KSE-100 Index plunged by 6,434 points, closing at 173,169 points, down from the previous week’s closing level of 179,603 points. The market lost six key psychological levels over the course of the week.
Out of the five trading sessions, the market remained negative on three days, while only two sessions ended in positive territory.
The benchmark index touched a weekly high of 179,969 points, while the lowest level recorded during the week stood at 169,592 points.
Over the five trading days, overall market capitalization declined by Rs756 billion, settling at Rs19,602 billion by the end of the week.
Trading activity remained robust, with approximately 3.26 billion shares changing hands, generating a total turnover of Rs187 billion.
Market experts attributed the downturn to escalating tensions between the United States and Iran, along with widespread selling pressure in key sectors, which weighed heavily on investor sentiment.
