PSX snaps winning streak, loses 3,130 points
The Pakistan Stock Exchange (PSX) experienced a significant decline, losing 3,130 points as geopolitical tensions between the US and Iran triggered a market sell-off. Despite some positive sessions, the overall weekly performance was bearish.
Why it matters
The volatility in the PSX demonstrates how regional geopolitical instability directly impacts emerging market economies and investor confidence.
--> Home Business PSX snaps winning streak, loses 3,130 points KSE-100 index tumbles 1.69% as geopolitical jitters trigger sell-off
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) snapped its winning streak during the outgoing week, closing at 182,242 after shedding 3,130 points, or 1.69% week-on-week, as US-Iran tensions and the announcement of ending the ceasefire triggered a sharp sell-off.
On a day-on-day basis, the PSX commenced the week with a positive session on Monday, where the KSE-100 gained 2,083 points (+1.12%) to close at 187,465. However, the market witnessed a consolidating session on Tuesday as it dipped 1,199 points (-0.64%) to 186,256.
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