KARACHI
\nThe equity market remained under pressure on Monday as higher international crude prices, global yield pressures and inflation concerns kept investors cautious, while Pakistan\u2019s fiscal-tightening commitments under its International Monetary Fund (IMF) programme added to the negative sentiment.
\nThe Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 Index settled at 161,613.51 points, down 3,791.05 points, or 2.29%, from the previous close of 165,596.07.
\nThe index traded between an intraday high of 164,939.08, down 656.99 points, or 0.40%, and a low of 162,971.16, reflecting a fall of 3,982.56 points, or 2.40%.
\nAsian equities also lost ground, extending a broader global pullback as the Middle East impasse pushed oil prices higher and lifted global government yields.
\nTokyo closed 1% lower and Shanghai slipped 0.1%, while Hong Kong fell 1.3%.<\/p>\n
\u201cThe market remained under pressure amid rising international crude oil prices and higher T-bill yields in developed economies, compressing risk premiums across global risk assets, and heightened inflationary concerns as the US-Iran conflict continues to drag on,\u201d said Huzaifa Riaz, Director at Mayari Securities (Pvt) Limited.<\/p>\n
Sydney, Taipei, Singapore and Wellington also declined, and Jakarta tumbled 3.8%, though Seoul ended 0.3% higher.
\nOn the domestic macroeconomic front, weekly inflation measured by the Sensitive Price Indicator (SPI) rose 0.47% in the week ended May 14, climbing to 358.71 points from 357.04, while year-on-year SPI inflation stood at 14.52%, the Pakistan Bureau of Statistics (PBS) reported.
\nInvestor sentiment also remained affected by Pakistan\u2019s engagement with the IMF after the country received a $1.3 billion disbursement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) following completion of the third review programme. Finance Minister Muhammad Aurangzeb is also continuing budget discussions with a visiting IMF mission ahead of the FY27 budget.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI The equity market remained under pressure on Monday as higher international crude prices, global yield pressures and inflation concerns kept investors cautious, while Pakistan\u2019s fiscal-tightening commitments under its International Monetary Fund (IMF) programme added to the negative sentiment. The Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 Index settled at 161,613.51 points, down 3,791.05 points, or …<\/p>\n","protected":false},"author":4,"featured_media":80114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-97955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/97955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=97955"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/97955\/revisions"}],"predecessor-version":[{"id":97965,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/97955\/revisions\/97965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/80114"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=97955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=97955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=97955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}