Hasnain Jafri
KARACHI: The KSE-100 Index at the Pakistan Stock Exchange (PSX) witnessed a massive decline as the market plunged by 11,015 points (around 7%), closing at 146,480 points during the latest trading session.
The sharp fall came amid heavy selling pressure across major sectors, including banking, oil and gas, and cement stocks. Market analysts said investor sentiment weakened due to rising geopolitical tensions and surging global oil prices, which created uncertainty in financial markets.
During the trading session, the market remained highly volatile, and a large number of stocks closed in the red, reflecting widespread selling by investors. According to market data,more than 380 companies recorded losses, while only a limited number of shares managed to gain.
Experts believe that external economic pressures, inflation concerns, and uncertainty in global markets contributed to the sharp downturn. They added that investors are expected to remain cautious in the coming sessions until economic and geopolitical conditions stabilize.
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