Pakistan’s benchmark KSE-100 index fell 4,360.66 points by 1:10pm Monday, marking a turbulent start to the week as selling pressure returned to the market.
The index dropped 2.83 per cent from its previous close of 153,866.16 points.
Intraday high reached 153,943.69 points while intraday low fell to 149,385.39 points during the session.
This sharp decline follows seven consecutive weeks of losses due to geopolitical uncertainty and weak investor sentiment affecting Pakistani equities.
Key factors last week included lack of positive economic developments and delay in finalizing an IMF Staff-Level Agreement for Pakistan’s third review of its $7 billion Extended Fund Facility.
Global oil price spike, triggered by US-Israel aggression against Iran leading to Strait of Hormuz closure, also impacted the market due to concerns over energy supply and inflationary pressures for oil-importing economies like Pakistan.