PSX Begins Week with 699-Point Drop, KSE-100 Index Falls Below 81,000

The Pakistan Stock Exchange (PSX) began the week with a significant 699-point decline, pushing the KSE-100 index down to 80,592 points. This drop follows the minor rise of 114 points recorded during the last day of trading in the previous week. Despite the brief positive momentum, the market couldn’t sustain the gains, and investors witnessed a swift reversal into a bearish trend.

The dip comes after an unprecedented surge in the PSX, where the market saw a historic rally due to the approval of a $7 billion loan by the International Monetary Fund (IMF). Prime Minister Shehbaz Sharif’s announcement had boosted market sentiment, and last week saw the KSE-100 index break the 82,000-point barrier, hitting an all-time high of 82,720 points.

However, the optimism surrounding the IMF loan faded quickly, and the market has since struggled to maintain its bullish momentum. Traders are closely watching for any further economic developments that could impact market sentiment in the coming days.