The Pakistan Stock Exchange (PSX) began the new business week with volatility, as cautious investor sentiment drove mixed movement in early trading on Monday.
Eurovision Tightens Voting Rules After Controversy Over Israel’s 2024 Entry
The benchmark KSE-100 index initially climbed to 162,377.75 points but soon reversed course, tumbling to 161,440.75 points amid persistent market uncertainty.
By 10:00 am, the index had dropped 426.72 points to 161,676.20, marking a 0.26 percent decline from the previous close of 162,102.92.
The market has been under pressure in recent sessions. On the previous trading day, the KSE-100 shed 834.01 points — a decline of 0.51 percent — to settle at 162,102.92 compared to 162,936.94 points.
Trading activity remained strong, with 768.05 million shares exchanged in the ready market, valued at Rs28.64 billion. This compares with 725.86 million shares worth Rs35.31 billion traded in the earlier session. Meanwhile, market capitalisation slipped to Rs18.512 trillion from Rs18.585 trillion.
Out of 476 active companies, 145 posted gains, 289 declined, and 42 remained unchanged, reflecting the overall cautious tone dominating the market.
