The Pakistan Stock Exchange (PSX) on Monday started the week on a downturn, driven by geopolitical tensions between Iran and the US, alongside persistent selling pressure, reported 24NewsHD TV channel.
At the close of trading, the PSX’s benchmark KSE-100 Index plummeted by 5,478.63 points, settling at 167,691.08 points, a decline of -3.27% percent.
Out of 567 active companies in the ready market, 42 advanced, 389 declined, and 136 remained unchanged.
The engagement was being closely monitored by market participants, given its importance for fiscal discipline, reform continuity, and external financing access.
Despite equity market turbulence, macroeconomic indicators provided mixed but structurally supportive signals.
An International Monetary Fund (IMF) mission is scheduled to arrive on February 26 to review Pakistan’s performance under the US$7 billion Extended Fund Facility (EFF) and initiate discussions on the FY27 federal budget.
The engagement is being closely monitored by market participants, given its importance for fiscal discipline, reform continuity, and external financing access.
Earlier on Friday, the benchmark index recorded a bullish trend, gaining 999.42 points, a positive change of 0.58 percent, to close at 173,169.71 points.
During the session, the ready market recorded a trading volume of 537.645 million shares with a traded value of Rs 23.790 billion, against 542.979 million shares valuing Rs 27.363 billion in the previous session.
Reporter: Kawish Memon