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KARACHI: The Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week as the benchmark KSE-100 index lost 2.7 per cent amid escalating geopolitical tensions in the Middle East, rising international oil prices and cautious investor sentiment.
The KSE-100 index shed 4,782 points to close at 171,021.20, extending the previous week’s losses as concerns over the widening US-Iran conflict overshadowed positive domestic developments, including an upgrade in Pakistan’s sovereign credit rating.
According to Topline Securities, the escalation in tensions between Washington and Tehran pushed crude oil prices higher, dampening investor confidence.
Average daily traded volume stood at 696 million shares, while average daily traded value amounted to Rs28 billion during the week.
