Karachi (Commerce Desk): The Pakistan Stock Exchange opened to heavy losses, with the KSE-100 Index dropping by 9,453 points to 148,042.
Due to the sharp decline, trading was temporarily suspended. The Index fell further by 9,780 points to 147,715, while the KSE-30 Index dropped 3,133 points to 45,196, reflecting a negative movement of 6.93%.
After a one-hour break, trading resumed, but the KSE-100 Index continued its decline, falling to 145,152 points, marking a 7.84% drop.
Experts attribute the market downturn primarily to record increases in oil prices following tensions between and . Regional instability and fears of potential interest rate hikes in the new monetary policy have also affected investor confidence, prompting capital withdrawal.
