KSE-100 plunges 4,816 points in one week

The Pakistan Stock Exchange (PSX) witnessed a bearish trend during the outgoing business week, with the benchmark KSE-100 Index losing 4,816 points amid selling pressure in the market.

According to the weekly market update, the KSE-100 Index closed at 170,511 points, down 4,816 points from the previous week.

The benchmark remained volatile throughout the week and traded within a range of 9,212 points. It reached a weekly high of 175,353 points, while its lowest level stood at 166,141 points.

The decline reflected a largely negative trend across the trading sessions, as investors remained cautious and selling activity weighed on the benchmark index.

Trading activity remained substantial during the week. A total of 3.19 billion shares changed hands in the stock market, with transactions valued at approximately Rs134.99 billion.

The market’s overall capitalisation also declined during the week. It fell by around Rs613 billion, bringing the total market capitalisation to approximately Rs19.015 trillion.

The weekly performance highlights the volatility currently being witnessed at the country’s equity market, with the benchmark experiencing significant fluctuations between its weekly high and low.

Despite considerable trading volumes, the market remained under pressure and ended the week in negative territory, reflecting cautious investor sentiment.

The KSE-100’s closing level of 170,511 points marked a notable decline from the previous week, while the reduction in market capitalisation indicated a broader fall in the value of listed equities.

Investors will now closely monitor developments in the coming week to assess whether the market can recover from the latest losses or remain under selling pressure.