Pakistan’s Stock Market Significantly Plunged Amid Blast In Peshawar

Pakistan’s Stock Market Significantly Plunged Amid Blast In Peshawar

ISLAMABAD, Jan 31 (NNN-APP) – The Pakistan Stock Exchange, significantly plunged by nearly 600 points, in the first trading session of the week, yesterday, which was largely attributed to the blast in the early afternoon, in its north-west Peshawar city.

The Pakistan Stock Exchange’s benchmark KSE 100-Index, moved down by 1.45 percent or 579.26 points, to close at 39,871.27 points yesterday, when compared with 40,450.53 points reported on Friday.

The KSE All Share Index declined by 0.93 percent or 248.18 points, to close at 26,673.22 points, the KSE 30-Index went down by 1.42 percent or 212.21 points, to end at 14,897.72 points, the KMI 30 Index fell by 1.08 percent or 736.71 points to conclude at 67,995.54 points.

Meanwhile, the All Shares Islamic Index decreased by 0.88 percent or 169.68 points to finish the trading session at 19,332.05 points.

According to market analysts, the market index started falling, soon after the deadly blast in Peshawar, in which more than 56 people were killed and over 150 others injured.

“Initially, investors’ sentiment was positive, as another International Monetary Fund prerequisite action was done by the government over the weekend, by increment in petroleum products prices,” Topline Securities, a local brokerage house, said, in its review.

However, the blast in Peshawar dented aforesaid momentum, by increasing concerns over the security situation in the country, the securities firm added.– NNN-APP  


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