Stock market tumbles as KSE-100 slips below 183,000 points

KARACHI (Dunya News) – Pakistan’s stock market remained under heavy pressure on Monday, losing a key psychological level as selling picked up across the board.

During the first trading session of the week, the Pakistan Stock Exchange opened in the red and stayed there throughout the day. The benchmark KSE-100 Index shed more than 2,025 points and closed at 182,384 points, falling below the important 183,000 mark.

In the previous session, the index had closed at 184,409 points, highlighting the sharp decline witnessed during Monday’s trade.

Market activity also reflected cautious investor sentiment. A total of 418.8 million shares were traded during the session, with a turnover value of Rs33.67 billion.

Market analysts said the fall came as investors preferred to stay on the sidelines amid economic uncertainty, adding that profit-taking and lack of fresh triggers kept the market under pressure.

They noted that the market appears to be losing steam, at least in the short run, as uncertainty continues to hang in the air.

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