Carnage was witnessed at the local bourse as the KSE-100 Index suffered its steepest single-day fall in history. The benchmark closed at 172,170, plunging 6,683 points, after touching an intraday low of 7,205 points — a session marked by relentless selling and extreme volatility.
The pressure was largely attributed to persistent foreign corporate selling, which continued to dampen sentiment and keep investors on the sidelines. Adding to the negative tone, yesterday’s LIPI data showed local insurance companies emerging as major sellers, intensifying the downward momentum.
Market activity was further constrained by shortened trading hours following the commencement of Ramadan, which curtailed participation and amplified price swings amid thin volumes.Pakistan Stock Market Bleeds
Index-heavy constituents FFC, ENGROH, UBL, OGDC, PPL, and MEBL led the decline, collectively eroding 2113 points from the benchmark.
Trading activity remained subdued as the first day of Ramadan dampened market participation. Total volumes clocked in at 542 million shares, with turnover reaching Rs 27.36 billion. WTL dominated the volumes chart, leading the market with over 84 million shares traded.
