PSX Opens Over 2,000 Points Down After US Attack on Iran

The KSE-100 index of the Pakistan Stock Exchange (PSX) opened over 2,000 points down on Monday, a negative change of roughly 1.71 percent, to drop to 117,977 in the first minutes of live trade in response to the US attack on Iran’s nuclear facilities last week. At 9:32 AM the benchmark index stood at 117,977, down 1.7 percent or 2,046 points. At 9:55 AM, KSE-100 stood at 118,778, down by 1.04 percent or 1,244 points. A total of 68,995,891 shares were traded in the first 20 minutes, whereas the price of shares stood at Rs. 2.61 billion. As many as 369 companies transacted their shares in the stock market, 77 of them recorded gains and 280 sustained losses, whereas the share price of 12 companies remained unchanged. The market was mainly affected by strong performances from WTL, SSGC, PASL, PIAHCLA, and KEL. This is an intraday market update.