PSX Weekly Wrap: KSE-100 drops 3.23% as loses over 5,500 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish week as the benchmark KSE-100 Index declined by 3.23%, losing 5,519 points during the weekly trading session.

The index fell from 171,115 points to 165,596 points by the end of the week, while during intraday trading it touched a high of 171,571 points and a low of 165,291 points.

Market volatility resulted in the loss of six key psychological levels over the week, reflecting sustained pressure on investor sentiment.

Market capitalization also declined significantly, dropping by Rs 513 billion to close at Rs 18,389 billion.

Average daily trading volume stood at 827 million shares, while the average daily traded value was recorded at Rs 25 billion. Overall investor activity remained subdued throughout the week.

Analysts attributed the bearish trend to geopolitical uncertainty, including the stalled progress on a US-Iran peace understanding, which weighed on market confidence and triggered cautious trading behavior.