Selling continues at bourse, KSE-100 down nearly 1,600 points in early trade

Selling continued at the Pakistan Stock Exchange (PSX) as tensions in the Middle East kept investors wary, with the benchmark KSE-100 Index shedding nearly 1,600 points during the opening minutes of trading on Monday. At 10:45am, the benchmark index was hovering at 152,299.86, down by 1,566.30 points or 1.02%. Selling pressure was observed in key sectors, including automobile assemblers, cement, commercial banks and power generation. Index-heavy stocks, including HUBCO, INDU, LUCK, HBL, MCB and MEBL, traded in the red. During the previous week, Pakistan’s stock market remained under sustained pressure as heightened geopolitical tensions, domestic security concerns and macroeconomic uncertainty continued to weigh heavily on investor sentiment.