The Pakistan Stock Exchange (PSX) began the week on a negative note as selling pressure dragged the benchmark KSE-100 Index down over 5,000 points on Monday.
At close, the benchmark index settled at 174,453.93, a decline of 5,149.80 points or 2.87%.
Selling pressure persisted across major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), power generation and refineries.
Heavyweight stocks such as ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, MCB, MEBL and NBP remained in negative territory.
Over the previous week, the Pakistan Stock Exchange (PSX) faced continuous selling amid rising political uncertainty and worsening security conditions, particularly in Balochistan.
As a result, the benchmark KSE-100 Index settled at 179,603.73 points by the end of the week, marking a decline of 4,525.85 points, or 2.5 percent on a week-on-week basis.
Meanwhile, the Pakistani rupee recorded a marginal gain for the second consecutive week, appreciating by Re0.09, or 0.03 percent, against the US dollar in the inter-bank market.
The local currency closed at 279.62 compared to 279.71 a week earlier, according to data released by the State Bank of Pakistan (SBP).
