According to Beyond Time News, the Pakistan Stock Exchange (PSX) remained under strong selling pressure on Friday as geopolitical uncertainty continued to shake investor confidence.
The benchmark KSE-100 Index fell by more than 2,000 points during early trading, hovering near the 167,000 level, as fears over the ongoing US-Iran deadlock kept markets on edge.
Broad-Based Selling Hits Key Sectors
Banking, fertiliser, and oil and gas stocks led the decline, with major companies trading in the red. Heavyweight stocks such as oil exploration and banking firms came under intense selling pressure, dragging the overall index lower.
Investors adopted a cautious “risk-off” approach due to concerns over possible disruptions in global oil supply routes.
Market Remains Volatile
This drop follows a sharp decline in the previous session, where the index also lost more than 2,400 points. The market has struggled to recover as uncertainty continues to dominate sentiment.
Analysts say the KSE-100 is currently testing a key support range, but lack of clarity on global tensions is keeping investors on the sidelines.
PSX Sees Sharp Drop as KSE-100 Falls Over 2,400 Points Amid Selling Pressure
Weak Weekly Performance
According to Beyond Time News, the market has recorded losses over the week, reflecting persistent volatility and weak confidence. Despite occasional buying at lower levels, overall sentiment remains negative.
Trading activity also showed more declining stocks than gainers, highlighting broad weakness across sectors.
The PSX outlook remains closely tied to global geopolitical developments, especially tensions affecting oil prices and supply routes.
