Pakistan’s benchmark KSE-100 index remained under pressure during intraday trading today, slipping sharply.
At 2:25pm PST, the index was trading at 182,248.85 points, down 6131.53 points, or 3.25 per cent, from its previous close of 188,380.38.
Trading activity hit a volume of 284.25 million shares and a total traded value of Rs34.56 billion.
All commercial banks, fertilizer, automobile assemblers, close-end mutual funds, leather and tanneries, oil and gas exploration companies, synthetic and rayon companies, tobacco, transportation, vanaspati and allied industries, along with woolen industries, were trading in the red.
Top decliners included Kohinoor Power Company Limited, which dropped to Rs44.60 followed by Kohinoor Industries Limited, which dropped to Rs63.06, and Faisal Spinning Mills Limited, which fell to Rs.36.19.
Amidst rising geopolitical tensions, Reuters reported that oil prices rose 1.5pc today, extending gains for a third day, on increasing concerns the US may carry out a military attack on Iran that could disrupt supply from the region.
