The Pakistan Stock Exchange experienced a severe downturn on Monday, with the benchmark KSE100 index plummeting by 6,600.05 points in a broad-based sell-off that erased more than PKR 670 billion from the market”s total value.
The KSE100 index concluded the trading session at 160,591.33 points, a substantial drop of 3.95 per cent from its previous close of 167,191.38.
Similarly, the KSE30 index registered an even steeper decline, falling by 2,125.25 points, or 4.20 per cent, to settle at 48,464.12.
Throughout the day, market sentiment remained overwhelmingly bearish. The KSE100 index fluctuated between an intraday high of 163,612.12 and a low of 160,158.92, ultimately closing near its lowest point for the session.
Overall market activity also subsided. Total turnover in the regular market segment decreased to 743.23 million shares, compared to 875.54 million shares on the previous trading day.
The traded value witnessed a significant contraction, falling to PKR 34.28 billion from the prior session”s PKR 46.65 billion.
This widespread decline in share values led to a considerable erosion of investor wealth, as the total market capitalisation shrank to PKR 17.80 trillion from its previous level of PKR 18.47 trillion.