The Pakistan Stock Exchange experienced a significant downturn on Monday, with the benchmark KSE-100 index shedding nearly 1,800 points and erasing more than 172 billion from the total market capitalisation in a single trading session.
The KSE-100 index concluded the day at 182,340.38, a substantial decline of 1,789.20 points or 0.97 per cent from its previous close of 184,129.58.
Similarly, the KSE-30 index retreated by 583.23 points, a 1.04 per cent fall, to settle at 55,695.28 compared to the prior session”s 56,278.51.
Trading was volatile throughout the day, with the KSE-100 index reaching an intraday high of 185,650.60 before tumbling to a low of 180,992.80.
Investor participation appeared subdued as overall turnover in the regular market contracted to 931.36 million shares, down from the previous day”s 1.27 billion. The traded value also decreased, amounting to 58.87 billion against the prior session’s 60.36 billion.
The bearish sentiment led to a significant erosion in shareholder wealth, with the total market capitalisation shrinking to 20.71 trillion from 20.88 trillion a day earlier.
In the deliverable futures contract market, turnover saw a reduction to 216.4 million, though the traded value experienced an increase, rising to 15.83 billion from a previous 15.25 billion.