PSX Plunges By Over 3,600 Points Due to Security Situation

The benchmark KSE-100 index closed on a negative note today, weighed down by heightened geopolitical tensions and a bomb blast incident in Islamabad. Trading volumes increased to 291 million shares today as compared to 225 million shares in the previous session. Today, the KSE-100 index lost 3,668 points to close at 157,871 level, down by -2.27 percent DoD. The compromised security environment hurt investor sentiment, leading to aggressive profit-taking and dampening market momentum, according to Ismail Iqbal Securities. Commercial Banks, Oil & Gas Exploration Companies, and Cement sectors were the major laggards in today’s session, cumulatively shedding 1,721 points from the index. ENGRO, OGDC, HUBC, FFC, and LUCK emerged as the primary drags on the index, collectively wiping off approximately 999 points from the benchmark.