KARACHI: Investors suffered a severe setback on the first day of the trading week at the Pakistan Stock Exchange (PSX). Rising tensions in the region, especially after the recent US attack on Iran, led to investors withdrawing capital in view of the uncertainty, which led to a sharp decline in the market.
The Hundred Index recorded a huge decline of 3,855 points and the index broke 4 psychological levels to close at 116,167 points. During the day, the index even fell to a low of 115,887 at one point while it reached a high of 118,798 for some time. At the end of the previous trading week, the 100 index closed at 120,023 points.
Analysts say that the current situation in the region and international political tensions have badly affected investor confidence. If this tension increases further, it may have further negative effects on the stock market.
