The Pakistan Stock Exchange experienced a sharp decline on the first day of the trading week, leaving investors deeply concerned as the market suffered a significant fall.
On Monday, the KSE-100 index dropped by 2,045 points at the start of the session, bringing it down to 117,977 points. The plunge was so severe that the index broke through three key psychological levels in a single day.
It is worth noting that on the last trading day of the previous week, the index had closed at 120,023 points. However, as the new week began, investor confidence appeared shaken, and the selling pressure pushed the market into a downward spiral.
Meanwhile, uncertainty persisted in the foreign exchange market as well. The interbank market saw a slight dip in the value of the US dollar. According to the Exchange Companies Association, the dollar’s value decreased by 10 paisas, setting the new rate at Rs. 283.60. This fluctuation reflects ongoing instability in the national economy, which remains a cause for concern for both investors and analysts.
