Pakistan’s stock market experienced a sharp sell-off on Monday, with the KSE-100 Index briefly dropping over 7,000 points, falling below the 150,000 mark amid investor concerns over regional developments.
The benchmark index closed the session at 146,842 points, down 4,864 points (-3.21%) from the previous close. Intraday, the market hit a low of 144,656 points, representing a 4.6% decline.
Trading volume remained robust, with 308 million shares exchanging hands, representing a total market value of Rs. 26 billion. Out of 567 companies active in trading, 379 recorded losses, 51 posted gains, and 137 remained unchanged.
K-Electric (KEL) led market volumes with over 56 million shares traded, followed by BOP and DSL. Other high-volume movers included WTL, FNEL, UNITY, and NBP, most of which posted declines in share prices.
Market analysts attributed the sharp decline to investor panic following negative weekend developments in the region, which triggered widespread selling across sectors. The session highlighted vulnerabilities in the market amid ongoing geopolitical and economic uncertainties.
