KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Wednesday, with the benchmark KSE-100 Index falling by 4,626 points amid renewed geopolitical tensions in the Middle East that dampened investor confidence.
Trading opened on a strongly negative note, with the KSE-100 Index dropping by more than 2,700 points during early trading to 183,528 points as investors reacted to heightened regional uncertainty.
Selling pressure continued throughout the session, pushing the benchmark index lower by the close of trading. The KSE-100 Index settled at 181,629 points, down 4,626 points from the previous session.
The decline followed losses recorded a day earlier, when the benchmark index closed at 186,255 points, shedding 1,199 points.
Market participants attributed the broad-based sell-off to renewed tensions in the Middle East, which have increased uncertainty in global financial markets and weakened investor sentiment.
The sharp decline reflects cautious trading as investors closely monitor geopolitical developments and their potential impact on regional and international markets.
