KARACHI: Pakistan Stock Exchange witnessed negative trend due to geopolitical uncertainty.
The Pakistan Stock Exchange (PSX) experienced a dramatic plunge on Monday as escalating tensions involving Iran, the United States, and Israel unsettled investors. The index closed the day with a loss of 3.21%, marking a significant downturn.
During trading hours, the PSX saw a sharp decline of over 4,000 points, sparking widespread panic among traders. The market broke through four key psychological levels—120,000, 119,000, 118,000, and 117,000 points—all within a single session.By the close, the KSE-100 Index had tumbled by 3,855 points, ending at 116,167.
The intensifying geopolitical crisis, especially the U.S. strike on Iranian nuclear sites, has deeply rattled market players. Concerns are mounting over the potential blockage of the Strait of Hormuz and the resulting surge in global oil prices, which could pose serious economic challenges for Pakistan.Investor confidence remains fragile as fears of regional instability continue to mount.
