Summary PSX extends its sell-off for a second day as escalating Middle East tensions weigh on investor sentiment, with the KSE-100 down 932.95 points by 11:45am.
KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) continued its sell-off for second consecutive days as escalating tensions in the Middle East weighed on investor sentiment.
The KSE-100 was trading at 167,932.09 points as of 11:45 am, down 932.95 points, or 0.55 percent, from the previous close of 168,865.04.
The benchmark index recorded an intraday high of 168,078.15 points and a low of 166,141.17 points, reflecting continued volatility during the trading session.
Trading volume stood at 127,425,262 shares as selling pressure persisted amid heightened geopolitical tensions in the Middle East.
A day earlier, the benchmark KSE-100 witnessed a severe drumming on Thursday, losing 3,078.56 points, a steep negative change of 1.79 percent, to close at 168,865.04 points against 171,943.60 points recorded in the previous trading session.
The ready market witnessed a trading volume of 628.673 million shares, compared to 477.674 million shares traded in the previous session, while the traded value stood at Rs 27.016 billion, up from Rs 22.637 billion.
Market capitalisation decreased heavily to Rs 18.854 trillion from Rs 19.233 trillion recorded a day earlier.
