PSX sheds 481 points amid muted participation
The Pakistan Stock Exchange (PSX) experienced a decline, with the KSE-100 index falling 481 points due to rising crude oil prices and geopolitical uncertainty. Despite the market dip, the government remains optimistic about future sovereign credit ratings.
Why it matters
Market volatility in Pakistan reflects broader economic anxieties regarding inflation, trade deficits, and regional geopolitical stability.
--> Home Business PSX sheds 481 points amid muted participation KSE-100 index weighed down by higher crude prices, US-Iran uncertainty
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> PSX KARACHI: Pakistan Stock Exchange (PSX) extended its losing streak on Friday, with the benchmark KSE-100 index falling over 480 points amid subdued investor participation, elevated crude oil prices and continued uncertainty over US-Iran relations.
The index closed at 168,155 points, taking its weekly decline to 1.52%, according to market analysts. Selling pressure was broad-based, with 321 stocks closing lower against 128 gainers.
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