Karachi, Pakistan – Web Desk: The Pakistan Stock Exchange experienced a sharp sell-off on Friday, with the benchmark KSE-100 index dropping by 2,979.74 points to close at 158,230.93. The decline reflected renewed bearish sentiment as geopolitical tensions and global market volatility prompted investors to reduce risk exposure.
The index finished 1.85 points lower than its previous close of 161,210.67, signaling a significant reversal after a recent rally. Market analysts attributed the downturn to concerns over escalating conflicts in the Middle East and uncertainty in global financial markets, which have fueled a shift toward safer assets.
Asian stock markets also declined, heading for their steepest weekly drop in six years, while oil prices surged amid expectations of prolonged instability. Investors sought refuge in cash and defensive positions, anticipating that the ongoing conflict between the United States, Israel, and Iran could extend longer than initially projected.
Trading volumes remained robust despite the downturn. A total of 723,879,788 shares changed hands, compared with 622,692,153 shares in the previous session. Market turnover reached Rs35.179 billion, up from Rs29.950 billion, indicating active participation even amid volatility.
Of the 478 companies traded, 350 recorded gains while 78 posted losses. Share prices for 50 companies remained unchanged, reflecting mixed performance across sectors.
Market observers noted that while previous sessions had seen strong bullish momentum, the latest correction underscores investor sensitivity to external geopolitical developments. Analysts expect continued fluctuations as global conditions evolve.
The stock market’s performance remains closely tied to broader economic and political factors, with traders monitoring developments in the Middle East and global monetary policy for potential impacts on investment sentiment.
