Pak-Afghan tensions: KSE-100 loses over 5,300 points

Karachi: Cross-border escalation between Pakistan and Afghanistan dented investor sentiments at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding over 5,300 points during the intra-day trading on Monday.

During trading, the KSE-100 Index hit an intra-day low of 158,067.92.

According to the Pakistan Stock Exchange (PSX) website, the market showed a bearish trend as trading began on Monday. By 2:39 p.m., the benchmark index had dropped by 5,322 points, or 3.26%, falling to 157,775 points.

At the close of trading on Friday, the market had stood at 163,098 points.

It is worth noting that earlier this month, the stock market had witnessed a series of record-breaking sessions, reaching an all-time high of 169,000 points.

According to an investor, the market opened on a negative note, and almost all companies were at the receiving end. He added that not less than Rs300 billion were lost by investors and companies.