PSX opens week in the red, plummets 1,600 points during intraday trade
The Pakistan Stock Exchange (PSX) experienced a significant decline on Monday, with the KSE-100 index dropping over 2,300 points. Market analysts attribute the downturn to rising geopolitical tensions between the US and Iran, which have impacted global oil prices.
Why it matters
The market volatility highlights the vulnerability of emerging economies to regional geopolitical conflicts and fluctuations in global energy prices.
This image shows activity at the KSE-100 index on Monday. — Photo courtesy PSX data portal Listen to article 1x 1.2x 1.5x comments Join our Whatsapp Channel Add Dawn as a trusted source The Pakistan Stock Exchange (PSX) began the week in the red, with the benchmark index plummeting 2,300 points on Monday amid ongoing hostilities in the Middle East.
The article relies on financial data and expert commentary from brokerage houses to explain market movements.
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