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KARACHI: The Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week as investors adopted a cautious stance amid uncertainty over US-Iran negotiations and ahead of the federal budget for FY27, due to be unveiled on June 10.
The benchmark KSE-100 index closed at 170,479 points, down 3,484 points, or 2 per cent, on a week-on-week basis, reflecting subdued sentiment and profit-taking across key sectors.
Analysts attributed the decline to a combination of geopolitical concerns, budget-related uncertainty, and rising inflation, which clouded the near-term market outlook.
According to Topline Securities, the KSE-100 index fell 2pc due to a lack of meaningful progress in US-Iran peace talks and uncertainty over fiscal measures in the upcoming budget, which curtailed risk appetite. Investors remained wary of potential regional escalation, prompting mixed trading and limiting fresh positions.
