PSX slides 1,581 points in broad sell-off
The Pakistan Stock Exchange (PSX) experienced a significant decline, with the KSE-100 index dropping over 1,500 points. The sell-off was driven by regional geopolitical tensions, concerns over AI-related investments, and rising oil prices.
Why it matters
Market volatility in emerging economies often reflects broader global anxieties regarding geopolitical instability and shifting investor sentiment toward high-risk sectors.
--> Home Business PSX slides 1,581 points in broad sell-off KSE-100 index closes at 176,043 amid weak regional cues and Middle East tensions
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> KARACHI: The Pakistan Stock Exchange (PSX) ended Wednesday's session on a weak note, with the benchmark KSE-100 index losing 1,580.90 points, or 0.89%, to settle at 176,042.99 amid renewed selling pressure.
The index remained in negative territory for most of the session, moving between an intraday high of 176,935.03 and a low of 175,631.74.
The benchmark had earlier fallen 1,297.67 points, or 0.73%, to 176,326.21 at 9:34am as investors reacted cautiously to mounting geopolitical tensions and uncertain global market cues.
The negative sentiment was reinforced by a sell-off in Asian equities, where concerns over the outlook for artificial intelligence-related investments weighed on investor appetite for risk.
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