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The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by over 2,000 points during intraday trade.
The KSE-100 index declined by 2,507.77 points or 1.51 per cent to stand at 163,088.30 at 1:04pm points from the previous close of 165,596.07 points.
Most Asian indices were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two per cent higher.
Investor sentiment has remained depressed amid a lack of tangible progress in the US-Iran negotiations, while concerns over the fragile situation in the Strait of Hormuz fuelled fears of further disruption to global oil supplies.
