PSX drops 1,444 points amid Middle East tensions
Karachi: The Pakistan Stock Exchange (PSX) witnessed a sharp decline on the last trading day of the week as rising tensions between Iran and Israel dampened investor sentiment.
During the first session of trading, the benchmark PSX-100 index fell 1,444 points to settle at 122,649 points. The sharp decline resulted in the index missing two important psychological levels.
At the start of the session, the market witnessed another sharp decline of 2,488 points, which briefly pushed the index down to 121,604 points. However, it recovered slightly later, touching an intraday high of 123,058 points.
In today’s session, nearly 400 million shares were traded, with a total transaction value of Rs. 16.50 billion
Just a day earlier, the PSX had recorded a strong rally, hitting an intraday high of 126,000 points. It eventually closed Thursday’s session at 124,093 points
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