The Pakistan Stock Exchange (PSX) broke a positive streak during early trading on Friday, with the benchmark KSE-100 Index dropping more than 1,100 points before trading was suspended.
As of the latest available data, the index stood at 171,728.22, reflecting a loss of 1,166.05 points or 0.67% from Thursday’s closing of 172,894.27. The market touched an intraday high of 172,048.16 but fell sharply to a low of 170,393.12, showing significant volatility within the first hour of trading.
Trading volume remained robust, with over 176.29 million shares changing hands, generating a total value of approximately Rs12.45 billion.
Market analysts attribute the decline to multiple factors, including profit-taking after recent gains, concerns over macroeconomic indicators stemming from the Israel-US war on Iran, and possible foreign selling pressure.