KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday nosedived by losing 6,000 points amid tense situation which arose after India’s attack on parts of Pakistan in the dead of night.
The KSE-100 index plummeted to 107,007 during early hours of trade on the third day of the week.
LITTLE BREATHING SPACE
On Tuesday, the Pakistan Stock Exchange (PSX) went off to an encouraging start on the heels of the latest policy rate cut by the State Bank of Pakistan (SBP).
The situation, however, reversed as selling spree resulted in trading in negative zone.
At one point in the morning, the KSE-100 index rose to 115,093.10 after gaining 990.87 points (0.87pc). Later, investors seemed jittery and day’s trading closed at 113,568 after losing 533 points.
On Monday, the PSX started with bearish trend amid simmering geopolitical tensions between Pakistan and India following the Pahalgam attack.
The benchmark KSE-100 index was hovering at 113,223.46 after losing nearly 900 points during the opening hours of trading in the PSX. Later, things improved a bit and the index rose to 114,102 points.
