On the opening trading day of the week, the Pakistan Stock Exchange (PSX) saw a steep decline, with the benchmark KSE-100 index dropping more than 3,800 points and breaking below four significant psychological thresholds in a single session.
Increased geopolitical tensions in the area after the recent US strike on Iran caused investor panic and a significant sell-off at the stock exchange. The index closed at 116,167 points, down 3,855 points, after dropping to the 120,000, 119,000, 118,000, and 117,000-point levels.
As investors chose to sell their assets due to mounting fears about regional stability and local economic instability, pessimistic sentiment dominated the market throughout the day.
A total of 585.9 million worth of shares from 467 firms were exchanged.
