Karachi (Commerce Desk): The effects of the US and Israel attacks on Iran were clearly reflected in the Pakistan Stock Exchange (PSX), which experienced a sharp decline, leading to a temporary halt in trading.
On the first day of the business week, the KSE-100 Index fell over 15,000 points at the start of trading, reaching 152,991 points. After the major drop, trading was suspended for one hour. When resumed, the index stood at 151,795 points, marking a total loss of more than 16,000 points. The index had closed at 168,062 points at the end of the previous week.
The Middle East conflict also affected stock markets worldwide. BSE Sensex in Mumbai dropped 967 points, Japan’s market fell by 1.9%, and Gulf countries’ stock exchanges also saw significant declines.
