Pakistan stock index drops nearly 2300 points amid political and oil concerns
The Pakistan Stock Exchange benchmark index fell sharply on Monday due to domestic political uncertainty and rising global oil prices.
Market closes below key support level
The KSE-100 Index settled at 165,867.31 after opening near the 167,900 mark. Selling pressure pushed the benchmark below the 166,000 threshold before the session ended. Investors trimmed positions as geopolitical tensions and high crude costs weighed on sentiment.
Intraday lows reflect broad selling
Trading activity intensified around midday, driving the index to an intraday low of 165,764.20. Analysts noted that brief recovery attempts failed to sustain momentum against renewed downward pressure. Market capitalisation declined by Rs261 billion during this single trading session.
Future direction depends on external factors
Researchers stated that global oil prices will determine the market path going forward. Domestic political stability remains a critical variable for investor confidence in the region. A lack of positive catalysts continues to drive caution across key sectors.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
Reported by
2 independent outlets. Headlines as published. Links open the original report.