The Pakistan Stock Exchange (PSX) continued to witness selling pressure on Monday with the benchmark KSE-100 Index dropping over 5,000 points.
At close, the benchmark index settled at 167,691.08, a decline of 5478.63 points or 3.16%.
Selling pressure persisted across major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration firms, oil marketing companies (OMCs), power generation, and refineries. Heavyweight stocks such as ARL, MARI, PPL, MCB, MEBL, and UBL all closed in negative territory.
During the preceding week, rising geopolitical tensions affected PSX with registering a significant correction amid mounting uncertainty and surging international oil prices.
The KSE-100 Index at the Pakistan Stock Exchange (PSX) declined by 6,434.02 points, or 3.6% week-on-week, settling at 173,169.70 points, one of the sharpest weekly drops recorded in recent months.
Meanwhile, the Ministry of Finance (MoF) issued a clarification regarding Pakistan’s external debt position.
According to the ministry, the country’s total external debt and liabilities amount to $138 billion. This figure includes a wide spectrum of obligations, such as public and publicly guaranteed debt, debt owed by public sector enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and inter-company liabilities to foreign direct investors.
