The Pakistan Stock Exchange (PSX) saw a decline as the KSE-100 Index dropped by 87 points, ending at 81,763 points.
The day was marked by market volatility, with investors showing caution due to fluctuating economic conditions.
Over the past year, the KSE-100 Index has witnessed notable fluctuations. While the index demonstrated strength in the face of economic challenges, it remained highly sensitive to political and financial developments.
In early 2024, the index crossed the 55,000-point mark, buoyed by pro-business government policies, with improved investor confidence following political clarity. However, from April to June, concerns over inflation, energy shortages, and global uncertainties caused the market to fluctuate between 60,000 and 65,000 points, despite foreign investment providing some stability.
From July to September, the index surged past 70,000 points, supported by positive economic indicators such as rising foreign reserves and a favorable IMF report. Although rising interest rates and fiscal tightening led to corrections in August, the market rebounded in September, closing above 80,000 points, driven by investor optimism and strong corporate earnings.