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PSX Ends August on a Low Note But Records Monthly Gain

Animated editorial illustration for: PSX Ends August on a Low Note But Records Monthly Gain
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At a glance

  • KSE-100 index closed 720 points down at 176,975 on the last day of August.
  • Despite the daily loss, the index gained 881 points (0.5%) over the full month.
  • Market capitalization grew by Rs 74 billion in August to Rs 19,830 billion.

Story so far

The Pakistan Stock Exchange has seen significant volatility, closing the last day of August with a sharp 720-point drop in the KSE-100 index to 176,975. However, this daily performance contrasts with the overall trend for the month, which saw the index record a net gain of 881 points.

Latest development

While the KSE-100 index fell 720 points on the final day of August, figures for the entire month show a net gain of 881 points (0.5%). Market experts attribute the month's volatility to uncertainty surrounding the Iran-US conflict. Total market capitalization increased by Rs 74 billion during August.

Latest updates

While the Pakistan Stock Exchange (PSX) closed the final day of August with a significant loss, data for the entire month revealed a net positive performance. For the month of August, the KSE-100 index gained a total of 881 points, or 0.5%. Market experts attributed the month's volatility, which saw a range of over 6,000 points, to uncertainty related to the Iran-US conflict. According to figures for August, 15 billion shares were traded for Rs 708 billion, and the total market capitalization increased by Rs 74 billion to Rs 19,830 billion.

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