The benchmark index stood at 112,108.67, reflecting a drop of 1,411.65 points, or 1.224% at 11:45am.

Energy stocks with significant index weight, such as HUBCO, MARI, OGDC, PPL, PSO, SHEL, SSGC, and SNGPL, were trading lower.

This comes despite a decrease in the policy rate on Monday.

“The Monetary Policy Committee after a detailed discussion has decided to bring down the policy rate from 13% to 12%,” SBP Governor Jameel Ahmed said while addressing a press conference in Karachi.

The KSE-100 index of the PSX saw a bearish trend on Monday, losing 1,360.16 more points, a negative change of 1.18%, closing at 113,520.32 points as compared to 114,880.49 points on the last trading day on January 27.

Bitcoin experienced a significant drop shortly after trading began on January 25, with its price falling to $104,801, a decline of $82 from the previous close of $104,883.70.

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