The Pakistan Stock Exchange (PSX) on Friday continued to witness downward trend as the benchmark KSE-100 Index dropped 1,200 points.
At close, the benchmark index settled at 151,707.51, a decline of s 1,200.45 points or 0.79%.
Selling pressure was evident across major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, and refineries. Heavyweight stocks such as CNERGY, MARI, OGDC, PPL, POL, and NBP all closed in negative territory.
On Thursday, the PSX came under significant pressure, with continued volatility in global oil prices and broader international uncertainty driving widespread declines. The benchmark KSE-100 Index settled at 152,907.97 points, marking a drop of 5,405.48 points, or 3.41%.
Meanwhile, oil prices edged lower on Friday and were set for their sharpest weekly decline in six months.
This followed comments from US President Donald Trump indicating that negotiations to end the conflict with Iran were progressing well, alongside a decision to pause attacks on the country’s energy infrastructure for 10 days.
Brent crude futures declined by 84 cents, or 0.8%, to $107.17 per barrel as of 0353 GMT. Similarly, US West Texas Intermediate (WTI) crude fell by $1.02, or 1.1%, to $93.46 per barrel, reversing some of the gains recorded in the previous bullish session.
