The KSE-100 Index fell by more than 800 points during the opening minutes of trading on Monday. At 9:50am, the benchmark stood at 161,542.30, representing a decline of 0.51 percent or 832.57 points.
The Monetary Policy Committee of the State Bank of Pakistan is set to meet today to evaluate the key policy rate. Pakistan Stock Exchange shares a losing streak that has now spanned 11 straight weeks.
Last week, the KSE-100 Index closed at 162,374.84 points, a weekly drop of 2.4 percent or 4,044.84 points. The exchange extended its losing streak to a fifth consecutive week during the previous trading period.
Global energy markets saw Brent oil slip 1.6 percent to $114.88, while US crude futures retreated 1.9 percent to $101.29 a barrel. Brent futures had surged 6.2 percent last week to reach their highest weekly close since mid-2022.
Asian markets faced pressure as Japan’s Nikkei dipped 0.5 percent after a 4.0 percent loss last week, and South Korea’s main index fell 1.1 percent. Chinese blue chips lost 1.0 percent as the ruling Communist Party of China commenced its fifth plenum in Beijing.
