KARACHI: The Pakistan Stock Exchange (PSX) experienced a significant downturn on the final trading day of the week, with the 100 Index losing two important levels.
The recent tensions between Iran and Israel are clearly impacting the market, leading to a loss of investor confidence.
During trading, the 100 Index recorded a decline of 1,512 points, bringing the index down to 122,580.
At the start of the trading session, the index had dropped by 2,488 points, reaching 121,604. Despite some recovery during the day, with the index reaching as high as 123,058 points, the overall trend remained bearish.
It is noteworthy that the previous day saw a strong rally, with the index surpassing the historic high of 126,000 points. However, by the close, the index settled at 124,093, reflecting market volatility and fluctuations.
