Pak-Afghan tensions dents investor sentiments, KSE-100 sheds over 3,700 points

Cross-border escalation between Pakistan and Afghanistan dented investor sentiments at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding over 3,700 points during the opening hours of trading on Monday. At 11:30am, the benchmark index was at 159,340.06, a decrease of 3,758.13 points or 2.3%. Selling pressure was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, refinery and power generation. Index-heavy stocks including HUBCO, MARI, OGDC, PPL, POL, HBL and UBL, traded in the red.