The Pakistan Stock Exchange (PSX) witnessed a sharp decline, with the benchmark KSE-100 index plummeting by 1,323 points, closing at 111,928 points.
The market saw a downward trend, breaching two critical levels—113,000 and 112,000 points—due to intensified selling pressure.
Investors remained cautious amid the ongoing IMF economic review and anticipation of the upcoming monetary policy. Uncertainty surrounding economic reforms and financial stability contributed to the bearish sentiment in the market.
On December 17, 2024, the Pakistan Stock Exchange (PSX) experienced a significant downturn, with the benchmark KSE-100 index plummeting by 1,308.72 points, or 1.13%, closing at 114,860.69 points.
This decline was part of a broader downward trend observed over the past year. In the 12 months leading up to December 2024, the KSE-100 index faced considerable volatility, influenced by various economic and political factors. The index reached a high of 118,735.10 points during this period but also encountered significant lows, reflecting the market's sensitivity to both domestic and international developments.
The sharp drop on December 17 was attributed to extensive selling across key sectors, triggering a sharp reversal of confidence among investors.
Overall, the PSX's performance over the past year underscores the challenges faced by Pakistan's financial markets, highlighting the need for robust economic policies and investor confidence to stabilize and promote sustainable growth.
