PSX Hundred Index Falls 1375 Points in Early Trading

PSX hundred index falls 1375 points as the Pakistan Stock Exchange opened the new business week with a strong negative trend. Investors showed caution from the opening bell, which pushed the market sharply lower.

The Pakistan Stock Exchange started trading with an initial drop of 364 points. Selling pressure increased during the session. As a result, the benchmark index fell by 1,375 points and reached 183,034 points.

Market analysts linked the decline to weak investor confidence. Economic uncertainty and profit-taking continued to affect market sentiment throughout the trading hours.

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Meanwhile, the US dollar showed slight weakness at the end of last week. In the open market, the dollar dropped by five paisas and traded at Rs 281.05. In the interbank market, it fell by three paisas and closed at Rs 280.02.

On the commodities side, gold and silver prices moved upward on Saturday. The price of 24-carat gold increased by Rs 3,700 per tola and reached Rs 473,262. The price of 10 grams of gold also rose by Rs 3,172.

Traders continued to monitor global financial trends closely. They also watched currency movement and commodity prices for direction.

The ongoing decline shows how sensitive the market remains to economic signals. PSX hundred index falls 1375 points, highlighting continued pressure on Pakistan’s stock market.