ISLAMABAD: Economic jitters took hold of the capital’s financial sentiment as the Pakistan Stock Exchange recorded a “Red Thursday.” The KSE-100 index lost 2,829 points, wiping out significant gains made earlier in the month.
The bearish trend, which intensified for the second consecutive day, was fueled by fears that rising borrowing costs will stifle industrial growth. Investors remained cautious, opting to liquidate positions in blue-chip stocks.
Key Market Stats:
- Closing: 162,994.17 (-1.71%)
- Intraday Volatility: 3,966 points range
- Biggest Draggers: UBL (-271.74 points), PPL (-261.48 points), FFC (-254.17 points)
Experts suggest that until the geopolitical situation stabilizes and the inflationary pressure eases, the market may continue to experience “wait-and-see” volatility.
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