Amid war clouds, PSX drops 12,000 points in two days.

Amidst war clouds, the Pakistan Stock Exchange (PSX) continued to struggle with a declining trend on Thursday.

The KSE-100 index plummeted by 6,948 points to 103,060 during early hours of trading.

The day’s trading started off on an encouraging note as the index rose to 111,881 after gaining 1,800 points. However, the euphoria proved short-lived.

Later, trading was stopped for time being.

On Wednesday, the PSX nosedived by losing 6,000 points amid tense situation which arose after India’s attack on parts of Pakistan in the dead of May 6 night.

The KSE-100 index plummeted to 107,007 points during early hours of trade on the third day of the week. The investors remained jittery and resorted to selling which resulted in bloodbath.

LIMITED SPACE FOR BREATHING

Following the most recent policy rate drop by the State Bank of Pakistan (SBP), the Pakistan Stock Exchange (PSX) saw a positive opening on Tuesday.

However, things went the other way as a selling frenzy put trading in a negative zone.

The KSE-100 index gained 990.87 points (0.87 percent) and reached 115,093.10 at one point in the morning. Investors thereafter became uneasy, and the day’s trading ended at 113,568 after dropping 533 points.

Amid simmering geopolitical tensions between India and Pakistan after the Pahalgam attack, the PSX began Monday on a pessimistic note.

After dropping around 900 points within the first few hours of trade in the PSX, the benchmark KSE-100 index was trading at 113,223.46Later, things improved a bit and the index rose to 114,102 points.