PSX falls 699 points as war jitters grip market
The Pakistan Stock Exchange (PSX) experienced a significant decline, with the KSE-100 index falling nearly 700 points. The drop is attributed to investor anxiety over the ongoing US-Iran conflict and rising oil prices.
Why it matters
Regional geopolitical instability is directly impacting emerging market financial stability and investor confidence.
--> Home Business PSX falls 699 points as war jitters grip market KSE-100 retreats after a choppy session marked by late selling that wiped out earlier resilience
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Photo: File KARACHI: Pakistan Stock Exchange (PSX) remained jittery on Wednesday as renewed war fears kept investors cautious, with the KSE-100 index ending the session 698.56 points, or 0.40% lower at 171,943.60.
The benchmark KSE-100 index moved within a broad range during the day, hitting a high of 173,174.19 and falling to a low of 171,801.67. Trading remained largely range-bound through the afternoon, but selling intensified sharply in the final hours, dragging the index further into negative territory by the close.
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