The Pakistan Stock Exchange experienced a turbulent trading session on Friday as rising tensions between Pakistan and Afghanistan unsettled investors and weighed heavily on market confidence.
By the close of trading, the benchmark KSE-100 Index had recorded a weekly decline exceeding 800 points.
The index started the day in negative territory and quickly slid to an intraday low of 165,811.87, a drop of more than 3,000 points, amid strong early selling pressure. Although it later recovered some losses, the market remained under strain throughout the session.
At closing, the KSE-100 Index settled at 168,062.16, marking a decrease of 830.92 points, or 0.49%.
Meanwhile, the Pakistani rupee posted a slight gain against the US dollar in the inter-bank market. The currency appreciated by 0.01%, finishing at 279.47 per dollar, an improvement of Rs0.03 compared to Thursday’s closing rate of 279.50.
