Pakistan Stock Exchange (PSX) remained under pressure on Monday, with the benchmark index falling below 161,000 points due to the persisting US-Iran tensions, reported 24NewsHD TV channel.
At the close of trading, the PSX’s benchmark KSE-100 index dropped 3,791.05 points to 161,2805 or minus 2.34%.
Market analysts pointed to rising geopolitical tensions, particularly US President Donald Trump’s threats of military action against Iran, as a key factor affecting investor sentiment.
On the economic front, Pakistan’s weekly inflation, measured through the Sensitive Price Indicator (SPI), increased by 0.47% during the week ending May 14. According to the Pakistan Bureau of Statistics (PBS), the SPI rose to 358.71 points from 357.04, while annual SPI inflation was recorded at 14.52%.
Meanwhile, investor confidence remained cautious amid Pakistan’s ongoing engagement with the IMF.
The sentiment followed the country’s receipt of a $1.3 billion tranche under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) after successfully completing the programme’s third review.
Reporter Baseem Iftikhar