Pakistan Stock Falls Over 4,300 Points
The index fell from its previous close of 153,866.16 points, touching an intraday high of 153,943.69 and a low of 149,385.39 points.
The decline follows the market’s seventh straight week of losses, driven by weak investor sentiment, lack of positive economic developments, and delays in finalising a Staff-Level Agreement (SLA) with the IMF under Pakistan’s $7 billion Extended Fund Facility.
Rising global oil prices amid escalating geopolitical tensions and the closure of the Strait of Hormuz have also raised concerns about inflation and energy supply for oil-importing countries like Pakistan.