Summary Pakistan’s stock market fell sharply as the KSE-100 index dropped over 1,700 points, while Asian markets gained amid optimism over renewed Iran-US negotiations.
KARACHI (Dunya News) – The Pakistan Stock Exchange witnessed a sharp downturn on Monday, with the benchmark KSE-100 index losing more than 1,700 points amid heavy selling pressure.
The market opened on a strongly negative note at the start of the trading week, with the index initially dropping by over 3,000 points to reach 170,625 during intra-day trading.
By the close of business, the index partially recovered but still settled at 172,196 points, marking a decline of 1,742 points compared to the previous session.
Trading activity remained robust, with shares worth Rs52.96 billion exchanged during the day, amounting to nearly 598 million shares.
In the previous session, the benchmark index had closed at 173,939 points, indicating a significant day-on-day loss for investors.
Meanwhile, broader Asian markets showed positive momentum following the announcement of a second round of talks between Iran and United States.
Hong Kong’s Hang Seng Index rose by 0.62%, China’s Shanghai Composite Index gained 0.59%, Japan’s Nikkei Index increased by 0.46%, and Indonesia’s Jakarta Composite Index edged up by 0.17%.
