A tumultuous trading day sees the KSE-100 Index dive over 1,700 points, witnessing a widespread decline among major sectors.
Market Overview
The Pakistan Stock Exchange experienced a turbulent trading session today, with the KSE-100 Index plummeting by 1,733.57 points, closing at 170,498.94. The decline equates to a 1.01% drop, reflecting a broad-based sell-off that gripped the market.
Indices Performance
- KSE 100 Index: Closed at 170,498.94, down 1,733.57 points (-1.01%)
- All Share Index: Fell by 1,128.70 points to 103,103.09 (-1.08%)
- KSE 30 Index: Dropped by 544.11 points, closing at 50,739.69 (-1.06%)
Market Activity
A total of 372,321 trades were conducted with a massive turnover of 759,973,694 shares, valued at PKR 27,539,865,980.28. The market’s high of the day was 172,491.16 while it dropped to a low of 170,418.38.
Sector Synopsis
Almost all major sectors witnessed declines, with Technology & Communication and Oil & Gas Exploration Companies leading the fall.
Advances and Declines
Out of 488 companies traded, 145 advanced while 321 declined, and 22 remained unchanged.
Conclusion
The market’s downward spiral today echoed investor concerns across the board. Market participants now keenly anticipate upcoming economic indicators that might stabilize the trade.
