The trading week commenced with a significant downturn for the Pakistan Stock Exchange (PSX), as the KSE-100 Index experienced a notable decline from its recent highs. The index fell below the 80,000-point threshold, closing at 79,492 points — a drop of 625 points or 0.79 per cent. This comes just three days after the index reached an all-time high of 81,800 points during intraday trading.
The market opened with a decrease of 391 points, setting the index at 79,726 points. As trading continued, the index saw a further reduction, falling by an additional 517 points to stabilise around 79,600 points. This bearish trend follows a volatile period for the PSX, characterised by significant highs and investor confidence.
The preceding week saw dramatic fluctuations. On Friday, the market suffered a severe setback, plunging by 1,721 points to 80,117 points. However, a recovery was observed shortly thereafter, with a bullish resurgence that pushed the KSE-100 Index back above the 80,000-point mark by Sunday.
Despite the short three-day trading week, the PSX experienced a revival of investor interest. The bullish momentum that had lifted the KSE-100 Index to its recent all-time high appears to have been temporary, as the market now faces renewed pressures and uncertainties.