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The Pakistan Stock Exchange’s (PSX) benchmark index extended its losing streak to a seventh straight session on Monday as the market plunged by nearly 3,800 points.
The KSE-100 index declined by 3,791.05 points or 2.29 per cent to close at 161,805.02 points from the previous close of 165,596.07.
The market traded in red the entire day, recording an intraday high of 164,939.08 points at around 10am, before witnessing a steady decline to reach an intraday low of 161,613.51 points shortly before close.
Investor sentiment has remained depressed amid a lack of tangible progress in the US-Iran negotiations, while concerns over the fragile situation in the Strait of Hormuz fuelled fears of further disruption to global oil supplies.
