PSX Extends Losses as KSE-100 Falls Over 1,000 Points
The move was aimed at addressing inflationary pressures and safeguarding macroeconomic stability.
KARACHI (Web Desk): The bearish trend persisted at the Pakistan Stock Exchange on Tuesday, as the benchmark KSE-100 Index dropped sharply amid rising geopolitical tensions and a recent policy rate hike.
At the close of trading, the KSE-100 Index fell by 1,085.12 points to settle at 168,412.23, marking a decline of 0.64 percent.
Market analysts said investor sentiment remained cautious due to ongoing uncertainty linked to tensions in the Middle East, which continue to impact global markets.
Read more: PSX shares climb on US-Iran peace deal hopes
The move was aimed at addressing inflationary pressures and safeguarding macroeconomic stability.
In its Monetary Policy Statement, the central bank’s Monetary Policy Committee highlighted risks stemming from prolonged geopolitical instability, particularly rising global energy prices, higher freight costs, and increased insurance premiums.
Analysts noted that the higher interest rate environment, combined with external uncertainties, has led investors to adopt a wait-and-see approach, contributing to the continued pressure on the market.
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