Selling continues at bourse, KSE-100 sheds nearly 1,000 points in early trade

Selling pressure persisted at the Pakistan Stock Exchange (PSX) with the benchmark KSE-100 Index shedding nearly 1,000 points during the opening minutes of trading on Friday. At 10am, the benchmark index was hovering at 151,912.59, down by 995.37 points or 0.65%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, POL, PPL, PSO, HBL and NBP, traded in the red. On Thursday, PSX remained under intense selling pressure as persistent volatility in international oil prices and ongoing global uncertainty triggered broad-based declines across sectors. The benchmark KSE-100 Index closed at 152,907.97 points, falling by 5,405.48 points or 3.41%.