The index plunged by 7,678 points, closing at 162,994 points.
KARACHI: The Pakistan Stock Exchange witnessed a bearish trend throughout the week, as the benchmark KSE-100 Index declined by 4.5 percent during a shortened four-day trading session.
The index plunged by 7,678 points, closing at 162,994 points compared to the previous week’s close of 170,672 points.
During the week, the market lost eight key psychological levels, reflecting sustained investor pessimism.
Market activity remained under pressure, with the index hitting a weekly high of 171,306 points, while the lowest level recorded was 160,391 points.
The overall market capitalization shrank significantly by Rs854 billion over the week, settling at Rs18,022 billion by the end of trading.
According to market experts, the downturn was driven by a combination of factors, including disappointing financial results from listed companies, a rise in interest rates, and ongoing geopolitical tensions in the Middle East, all of which dampened investor confidence and triggered continued selling pressure.
