KSE-100 plunges 1,612 points amid broad market selloff
Fuel price hike rattles investors as KSE-100 sheds over 1,600 points before buyers step in late session
Pakistan Stock Exchange – (Web Desk) – Friday was a rough day at the Pakistan Stock Exchange. The stock market fell sharply and closed 1,612 points lower. It was a nerve-wracking session from start to finish.
The trouble started right at the opening bell. Stocks dropped nearly 3,000 points in the very first moments. People were selling fast. The reason was simple. The government had just raised petrol and diesel prices. This was part of a deal with the IMF and it caught many investors off guard.
But the story did not end there. As the day went on, buyers slowly started stepping back in. That helped pull the market back up a bit. By the time trading closed, the KSE-100 settled at 150,398 points. Still a loss. But a much smaller one than it looked like in the morning.
PSX 100 Index closed at 150,398, down 1,612 points. During intra-day trading the 100 Index dropped to 148,796. The KSE 100 Index had closed at 152,011 previous day. Trading activity remained robust, with total volumes clocking in at 270 million shares. Key contributors to turnover included Cnergy, K-Electric (KEL), and Bank of Punjab (BOP), indicating active participation despite heightened uncertainty.
Gold price surges Rs3,400 per tola in Pakistan
Investor sentiment remained under pressure following the government’s decision to withdraw fuel subsidies, a move widely seen as inflationary.



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