Summary Pakistan’s benchmark KSE-100 index fell 1,174 points to close at 169,497, slipping below 170,000, while major Asian markets recorded gains.
KARACHI (Dunya News) – Pakistan Stock Exchange witnessed sharp selling pressure on Monday, with the benchmark KSE-100 index falling below the 170,000-point mark amid heavy losses for investors.
The market opened in negative territory at the start of the trading week, with the index dropping more than 1,300 points during intraday trade to touch 169,268 points.
Selling pressure persisted throughout the session and the KSE-100 index eventually closed down 1,174 points at 169,497 points, compared with the previous close of 170,672 points.
A total of 357.2 million shares worth Rs24.18 billion were traded during the session, as billions of rupees were wiped off market value amid the downturn.
Despite the sharp decline in Pakistan, several Asian markets posted gains. Japan’s Nikkei 225 rose 1.89 per cent, while Thailand’s SET index gained 1.71 per cent.
China’s Shanghai Composite added 0.15 per cent, while Hong Kong’s Hang Seng Index edged up 0.13 per cent.
Analysts said the divergence highlighted regional resilience despite pressure in Pakistan’s equities market.
