The Securities and Exchange Commission of Pakistan (SECP) has issued its third quarterly report on the capital market, stating that the market remained stable despite the global crisis and the United States-Iran war.
According to the SECP report, under war conditions, Brent crude oil fell by 13 per cent, while US software stocks declined by 23 per cent. The Pakistan stock market recorded an overall decrease of 14.5 per cent.
The KSE index reached its historic high of 191,013 points in January. By the end of the quarter, the Hundred Index closed at 148,743 points. Market capitalisation fell from Rs19.69 trillion to Rs16.53 trillion.
Foreign investors sold shares worth Rs111.61 billion. Local investors supported the market with net purchases of Rs111.55 billion.
The National Bank of Pakistan (NBP) remained the leading stock in trading, with transactions amounting to Rs182.42 billion.
