Advertisement
Categories: NewsPakistan

PSX Drops 1,486 Points Amid Geopolitical Concerns

Advertisement

Pakistan Stock Exchange (PSX) under intense selling pressure on Monday due to rising geopolitical concerns.

Benchmark KSE-100 index sharply lower during intraday trade, slipping 1,957.57 points or 1.15% by 9:44am.

Selling broad-based across sectors including automobile assemblers, cement manufacturers, commercial banks, oil and gas exploration firms, OMCs, power producers and refineries.

Trading progressed with partial recovery but index remained negative at 168,992.62 as of 1:00pm.

Robust market participation with over 82.47 million shares changing hands, generating a traded value of Rs7.47 billion.

Advertisement
News Desk

Recent Posts

Meezan Bank Continues Blood Donation Drive in Partnership with The Indus Hospital

Meezan Bank, Pakistan's premier Islamic bank, once again partnered with The Indus Hospital & Health…

2 hours ago

Mobilink Bank and Yango Partner to Provide Shariah-Compliant Financing for Drivers in Pakistan

Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company…

3 weeks ago

Pakistani Freelancers’ Earnings Expected to reached $2.5 B in the Current Fiscal Year

Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…

3 weeks ago

Spotify Celebrates Atif Aslam’s Subah Aye Na with Fans and Artists in Karachi

To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…

3 weeks ago

Supernet Technologies set to raise 915 million to strengthen its working capital for growing projects!

KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…

3 weeks ago

NEVO Is Next: Master Changan Continues Bringing Changan’s Global House of Brands to Pakistan

Master Changan Motors Limited (MCML), Pakistan’s No.1 new entrant and leading Chinese automotive brand, is…

4 weeks ago