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KARACHI: Investor sentiment remained negative as the Pakistan Stock Exchange (PSX) recorded another volatile session amid a lack of catalysts and persistent geopolitical tensions, pushing the benchmark KSE 100 index lower for the third consecutive session on Tuesday.
Ali Najib, PSX, witnessed another volatile session, with the KSE-100 Index closing at 168,916, down 1,590 points, or 0.93 per cent.
“Investor sentiment remained fragile amid persistent geopolitical tensions, as aggressive rhetoric from US and Iranian officials heightened fears of further escalation,” he noted.
The benchmark slipped below the 170,000 level amid the lack of any breakthrough in US-Iran peace negotiations, while Donald Trump remarked that the ceasefire was on “massive life support” after rejecting Tehran’s latest peace proposal.
