PSX falls 400 points as bearish trend persists amid Iran-US tensions
Business
The PSX continued its decline, with the KSE-100 index dropping 400 points to 171,770.23 amid Iran-US tensions. The market saw low trading volume, and market capitalization fell to Rs 19.514 trillion.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) continued its downward trend on Friday, driven by geopolitical tensions between Iran and the US, alongside persistent selling pressure.
The KSE-100 index dropped by 400.06 points, closing at 171,770.23 points, reflecting a loss of 0.23% from the previous day's close of 172,170.29 points.
During intraday activity, the index also dipped to 169,592.52 points after early gains that took it to 174,148.32 points.
A day earlier, the KSE-100 witnessed a bearish trend, losing 6,682.81 points, a negative change of 3.74 percent, to close at 172,170.29 points compared to 178,853.10 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 542.979 million shares with a traded value of Rs 27.363 billion, against 697.682 million shares valuing Rs 49.992 billion in the previous session. Market capitalization decreased to Rs 19.514 trillion from Rs 20.227 trillion a day earlier.
