The Pakistan Stock Exchange (PSX) came under strong selling pressure on Thursday, with the KSE-100 index falling more than 2,400 points before closing at around 169,173, according to Beyond Time News.
The benchmark index dropped 1.40% as early gains faded and investors turned cautious throughout the session.
Market Pressure Builds During Trading
The index hit an intra-day low of 168,828 points as aggressive selling dominated market activity. Trading volume remained moderate, with activity concentrated in a few major stocks.
PSX Opens Week in Red as KSE-100 Drops 1,742 Points
Global and Geopolitical Concerns Weigh on Sentiment
Analysts linked the decline to rising global oil prices and ongoing geopolitical tensions between the United States and Iran, which continued to affect investor confidence.
Concerns over crude oil levels and uncertain diplomatic developments also pushed investors toward a risk-averse approach.
Heavyweight Stocks Lead Decline
Major sectors such as banking and oil & gas faced the biggest losses. Key blue-chip stocks including FFC, UBL, MEBL, PPL, and others contributed significantly to the market’s downward trend.
Outlook Remains Uncertain
Market experts suggest that short-term direction will depend on global oil movements and geopolitical developments, while investors may remain cautious ahead of the weekend.
