The Pakistan Stock Exchange (PSX) on Monday continued its losing streak as the benchmark KSE-100 Index fell over 4,600 points.
At close, the benchmark index settled at 149,178.66, a decline of 4,687.50 points or 3.05%.
Selling pressure was evident across major sectors, including automobile assemblers, cement, commercial banks and power generation. Index-heavy stocks such as HUBCO, INDU, LUCK, HBL, MCB and MEBL all closed in negative territory.
During the previous week, Pakistan’s stock market remained under persistent pressure as escalating geopolitical tensions, domestic security challenges and broader macroeconomic uncertainty continued to dampen investor confidence.
The benchmark KSE-100 Index extended its downward trend, falling 3,629.92 points week-on-week, a decline of 2.3%, to settle at 153,866.17 points.
Meanwhile, oil prices moved higher on Monday as investors refocused on risks to Middle Eastern oil facilities, despite US President Donald Trump’s appeal for countries to cooperate in protecting the Strait of Hormuz, a key route for global energy supplies.
Brent crude futures rose $1.27, or 1.2%, to $104.41 per barrel by 0400 GMT, following a gain of $2.68 recorded on Friday.
