KARACHI: The Pakistan Stock Exchange (PSX) witnessed its largest weekly decline in history, as the benchmark 100-Index fell by 10,566 points over the past five trading days. The index closed at 157,496 points, down from 168,062 points at the start of the week.
During the week, the market lost 11 psychological levels, with three days showing losses and two days showing gains. The 100-Index traded at a weekly high of 161,476 points and a low of 151,258 points.
Market capitalization also suffered, dropping by Rs123.1 billion to close the week at Rs17.698 trillion. Over the five-day period, trading volumes amounted to 1.81 trillion shares valued at Rs3.28 billion.
Experts attributed the market’s volatility to regional tensions following Israeli and US strikes on Iran. A halt in new investments and heavy selling in key sectors also pushed the market into negative territory.
Investors are now closely watching economic indicators and government policies for guidance on market direction in the coming week.
