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KSE-100 drops 1.63% amid selling pressure at PSX

The KSE-100 Index closed the week at 177,167 points.

KARACHI: The Pakistan Stock Exchange remained under pressure during the past trading week, with the benchmark KSE-100 Index losing 2,938 points, or 1.63%, as investors saw nearly Rs247.33 billion wiped off the market’s capitalization.

The KSE-100 Index closed the week at 177,167 points. During the week, the index reached a high of 181,159 points and a low of 176,111 points.

The market’s average daily trading volume declined 0.9% from the previous week to 845.7 million shares.

However, the average daily value of shares traded increased 7.6% to $148 million.

Meanwhile, the overall market capitalization fell by about Rs247 billion during the week to Rs19.883 trillion.

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