Pakistan Stock Index Plummets amid Border Tensions with Taliban

DID Press: Pakistan’s stock market index fell more than 1,600 points, reaching its lowest level in several weeks, as concerns over rising border tensions with the Taliban and mixed corporate financial results weighed on investors.

On Wednesday, October 29, the benchmark KSE-100 index dropped 1,635 points to 158,465, reflecting investor anxiety over escalating tensions between Islamabad and the Taliban, according to market analysts.

Express Tribune reported the decline was largely driven by political and security uncertainties, coupled with the release of mixed earnings from major companies.

During trading, 340 companies were active, of which 93 shares rose, 233 declined, and 14 remained unchanged.

Stocks of companies including Lucky Cement, United Bank, Mari Energies, MCB Bank, and Engro Fertilizers saw the steepest declines, while National Bank, reporting strong profits, helped limit further losses in the index.

Total trading volume fell to 951 million shares, with a value of 41.3 billion Pakistani rupees, marking a notable drop compared to previous sessions.