Karachi: The Pakistan Stock Exchange witnessed significant pressure during trading on Thursday and the benchmark KSE 100 index closed at 167441 points after a decline of 1138 points.
The main reasons for the market downturn included the increasing geopolitical tensions globally and the growing concern of investors regarding the political situation in the country. Reports of possible new action against Iran by US President Donald Trump also created a cautious trend in Asian stock markets, the effects of which were also seen on the Pakistani market.
The KSE-100 index remained volatile during the trading session. The index moved in the range of 2036 points overall during the day, which can be gauged from the uncertainty in the market.
The political situation in Islamabad at the local level has also become a concern for investors. According to market sources, in the current situation, investors adopted a cautious strategy instead of taking new positions, which limited the buying trend.
A total of 360 million shares were traded during the trading session, worth about Rs 17 billion. Due to the downturn, the overall market capitalization of the Pakistan Stock Exchange also recorded a decrease.
According to the data, the market capitalization decreased by Rs 149 billion to Rs 18,597 billion.
The global geopolitical situation and domestic political developments will continue to be among the important factors influencing investors’ decisions in the upcoming sessions.
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