Pakistan stock market falls nearly 2000 points amid political volatility and emergency rule
The Pakistan Stock Exchange benchmark index dropped almost 2,000 points on Monday due to political instability following the imposition of emergency rule in Khyber Pakhtunkhwa.
Market closes with heavy losses
The KSE-100 Index opened higher but failed to sustain gains before entering a sustained downward trajectory. Selling pressure intensified after 1pm, pushing the index to close at 165,124.41 points. This represents a decline of 1,964.86 points or 1.18% from the previous session.
Political uncertainty drives sentiment
Topline Securities attributed the bearish sentiment to the federal government's decision to impose emergency rule in KP on Sunday. Investors adopted a cautious stance as concerns grew over the evolving political situation in the province. The announcement dampened investor mood and triggered broad-based selling across major index-heavy stocks.
External factors add pressure
The market also faced unrelenting selling pressure from Middle East tensions and elevated oil prices. Brent crude futures rose to $106.79 per barrel, overshadowing hopes for further supply releases. Despite a staff-level agreement with the International Monetary Fund paving the way for funding, these external factors failed to support the market.
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.