KSE-100 slips 352 points amid weak trading

Summary

• The Pakistan Stock Exchange (PSX) closed lower on Friday as the benchmark KSE-100 Index shed 352 points amid sluggish trading, political uncertainty and persistent geopolitical tensions.
• However, domestic political uncertainty and continuing geopolitical risks, particularly tensions involving the Houthis and the Red Sea, kept market sentiment under pressure.
• Oil price movements will also remain a key factor shaping market sentiment.

AI Generated Summary

The Pakistan Stock Exchange (PSX) closed lower on Friday as the benchmark KSE-100 Index shed 352 points amid sluggish trading, political uncertainty and persistent geopolitical tensions.

The index settled at 167,089 points, down 0.21% from the previous close. Trading activity remained subdued, with total volumes reaching just 110 million shares as investors adopted a cautious approach ahead of the weekend.