Pakistani stocks tumbled sharply today as investors reacted nervously to uncertainties surrounding the ongoing US-Iran peace negotiations. The KSE-100 index shed over 5,400 points, closing at 152,907, marking a loss of 3.4 percent for the day from the previous session’s 158,313 points.
Trading activity remained strong, with 313 million shares changing hands, representing a total turnover of Rs. 23.2 billion. Out of 567 companies transacting in the market, 71 companies ended the day with gains, 356 recorded losses, while 140 maintained their previous share prices.
Among the most active stocks, KEL saw heavy trading with its share price falling to Rs. 7.06, down Rs. 0.74. FNEL closed at Rs. 1.18 after losing Rs. 0.05, while UNITY dropped to Rs. 8.26. Other notable decliners included WTL at Rs. 1.19, BOP at Rs. 25.7, FCCL at Rs. 40.55, and CNERGY at Rs. 6.82.
The sharp decline in the market reflects investor caution over the complexities of international diplomacy and its potential impact on global markets, particularly in energy and trade sectors linked to Pakistan. Analysts warned that ongoing geopolitical uncertainties could continue to influence market sentiment in the coming days.
