- The KSE -100 index closed at 111,326.57, down 3,545.61 points, or -3.09%.
- The high of the day was 114,066.12, a drop of 806.06 points, or -0.70%.
- The lower intraday hit 110,631.84, a drop of 4,240.34 points, or -3.69%.
The scholarship experienced a sharp decline on Wednesday when geopolitical tensions intensified following an end -of -evening warning of the federal government that India could launch a military strike in the following 24 to 36 hours.
Pakistan Pakistan Benchmark KSE-100 index of Pakistan Pakistan (PSX) closed at 111,326.57 points, plunging 3,545.61 points or 3.09% compared to the previous fence of 114,872.18. The market had reached a minimum intrajournalier of 110,631.84 points, marking a steep fall of 4,240.34 points, or -3.69%.
Even the summit of the session of 114,066.12 reflected a drop of 806.06 points or 0.70%, highlighting the lower day of the day.
“The market reacts to the Declaration of Ministers that the following 24 to 36 hours could see harmful actions from India,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities. “This makes people flee for security and leave actions at the moment.”
The CEO of Topline Securities, Mohammad Sohail, echoes concern, adding: “Investors are cautious because of this uncertainty.”
The feeling of investors was shaken after the Minister of Information Attaullah Tarar, in a television declaration, said that Pakistan had credible information that India planned “harmful actions” and would use the recent attack by Pahalgam in India illegally occupied Jammu and cashmere (iiojk) as a false pretext. “Any act of aggression will be welcomed by a decisive response,” he warned.
Meanwhile, on the economic front, the State Bank of Pakistan revealed that it had bought $ 5.677 billion on the interbank market between June 2024 and January 2025 to strengthen the reserves.
In January alone, the SBP bought $ 154 million, compared to $ 536 million per month earlier, helped by a favorable current account post.
In the company news, Pakistan Petroleum Limited (PPL) said a 25% drop in annual sliding of net profit for the nine months ending in March 2025, with profits of 72.7 billion rupees.
The quarterly profit decreased by 21% in annual sliding to 21.8 billion rupees, while net sales dropped by 15% in annual shift. An RS1 dividend by action was announced for the third quarter, bearing cumulative payments to RS5 per share for 9MFY25.
Tuesday, the PSX had closed its doors in the green. The KSE-100 index increased by 808.28 points, or 0.71%, to finish at 114,872.18, up compared to the previous fence of 114,063.90. The High of the day was 115,040.59 points, while the bottom affected 112,935.57.