The equity market came under renewed pressure on Monday as investors stayed wary of escalating US-Iran tensions, while the start of the roll-over period added to intraday volatility and kept risk appetite subdued. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 167,691.08 points, down 5,478.63 points, or 3.16%, from the previous close of 173,169.71.
The index traded between a high of 174,336.85 (up 1,167.14 points, or 0.67%) and a low of 166,886.63 (down 6,283.08 points, or -3.63%). “The market remained under sustained pressure, as investors stayed wary of escalating geopolitical tensions between the United States and Iran, prompting cautious positioning,” said Huzaifa Riaz, Director, Mayari Securities (Pvt) Limited. “The absence of any meaningful near-term trigger, coupled with the commencement of the roll-over period, further contributed to volatility, keeping the bias lower,” he added.
