PSX declines by more than 2,500 points as India-Pakistan tensions undermine investor confidence.
On Tuesday, the Pakistan Stock Exchange (PSX) had a significant sell-off, with the benchmark KSE-100 index declining by 2,515.99 points (2.19%) due to heightened geopolitical tensions between Pakistan and India, which unsettled investors.
At 12:09 PM, the index was recorded at 112,356.19, a substantial decline from the prior closing of 114,872.18. The day’s trading exhibited fluctuations in the index, reaching a peak of 114,066.12 and a trough of 111,192.92, accompanied with a trading volume over 111 million shares.
Analysts ascribed the decline to apprehensions of a possible military assault by India, subsequent to warnings from Pakistan and a press conference by Information Minister Attaullah Tarar, who indicated that India may initiate an attack within 24 to 36 hours.
Despite a robust one-year increase of 58.02%, the index has declined by 2.41% year-to-date, as political and regional uncertainties significantly impact market trajectory.
