Political Crisis Haunts PSX Again
Meanwhile, the Pakistan Stock Exchange (PSX) came under heavy selling pressure on Monday, with the benchmark KSE-100 Index plunging 2, 288 points as renewed political uncertainty hit investor sentiment.
Meanwhile, the Pakistan Stock Exchange (PSX) came under heavy selling pressure on Monday, with the benchmark KSE-100 Index plunging 2, 288 points as renewed political uncertainty hit investor sentiment.
Article outline
- What happened
- The key numbers
- The details
- A closer look
- The bottom line
Key points
- CNERGY 12.21 12.64 12.06 -0.51 30, 042, 022.
- PRL 87.42 90.48 86.85 -2.93 10, 892, 431.
- PIBTL 13.19 14.3 13.13 -1.01 30, 666, 758.
- FNEL 1.17 1.28 1.12 -0.05 50, 252, 398.
- KEL 5.62 5.99 5.57 -0.35 22, 178, 384.
In practice, the KSE-100 fell to an intraday low of 2, 391 points before recovering slightly to close at 165, 867, down 2, 288 points or 1.36 percent.
Notably, the sell-off came as the opposition's long march began after government-opposition discussions failed to reach an agreement, raising worries regarding further political disruption. NAB Chairman Discovers Something Massive.
Investors were additionally cautious due to continued uncertainty over international crude oil costs and the broader economic outlook.
With no major positive market triggers, investors reduced their positions, resulting in broad-based selling throughout the market.
UBL, ENGROH, HBL, HUBC and PPL were among the major decliners, collectively dragging the KSE-100 Index down by 705 points. SCRIP PRICE HIGH LOW CHANGE VOLUME.
WTL 0.99 1.01 0.99 -0.01 21, 656, 746.
TISL 4.82 5.07 4.7 -0.2 11, 248, 437.
Trading activity remained subdued, with around 441 million shares changing hands at a traded value of approximately Rs. 15.7 billion.
FNEL recorded the highest trading volume, with around 50 million shares traded during the session. Details were shared by Topline Securities. Stay Connected with ProPakistani.
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For now, political Crisis Haunts PSX Again remains the part of the story worth watching, and further updates are likely as more details are confirmed.
