PSX falls over 3,500 points amid Pak-India tensions
Web Desk
07 May, 2025 17:05
KSE-100 Index today ends slightly higher at 158,037 points
The Pakistan Stock Exchange (PSX) faced a major drop on Wednesday due to growing tensions between India and Pakistan.
Heavy selling started 10 minutes after trading began, and the market crashed by over 6,500 points. This sharp fall caused trading to be temporarily stopped. Although the market recovered a bit later, more selling happened in the last hours of the session.
By the end of the day, the main KSE-100 Index had fallen by 3.13%, losing 3,559 points, and closed at 110,009 compared to 113,568 the day before.
During the session, the market reached a high of 112,457 points and a low of 107,007 points. Around 260 million shares were traded, up from 165 million in the previous session. The total value of traded shares also increased to Rs 23.64 billion from Rs 15.18 billion.
Out of 447 companies that traded, only 49 saw gains, while 356 companies saw their stock prices fall. Prices of 42 companies stayed the same.
Selling was seen across all major sectors, especially in banks, oil and gas companies, power generation, and refineries. Big companies like OGDC, PPL, POL, HUBCO, SNGPL, and SSGC all saw their share prices drop.
Read More: NSC grants Pakistan armed forces right to respond to Indian aggression
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