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KSE-100 Sheds 3,668 Points as Political Jitters, Security Shocks Hit Pakistan Stocks

Political uncertainty following Senate approval of the 27th Amendment drove a flight from risk.

Overview

  • The benchmark closed at 157,870.50 after a volatile session that swung between 161,517 and 157,766.
  • Reports of a bomb blast near Islamabad’s district and sessions court and attacks in Khyber Pakhtunkhwa weighed on sentiment.
  • Selling stretched across banks, energy, cement, fertiliser, autos and power, with Engro, OGDC, Hub Power, Lucky Cement, Mari Energies, MCB and National Bank among the biggest drags.
  • Turnover rose to 836.4 million shares with about Rs38.1 billion traded, and foreign investors were net sellers of roughly Rs198 million, according to NCCPL.
  • Analysts cited disappointing quarterly results and reported overseas outflows as additional headwinds following a 1,945-point rally the previous day.