The Pakistan Stock Exchange (PSX) began the week in the red, with the benchmark index plummeting 2,300 points on Monday amid ongoing hostilities in the Middle East.
The KSE-100 index touched an intraday low of 179,448.52 points soon after opening, down 2,793.25 points from the previous close of 182,241.77.
It then reversed some of its losses by 2:30pm, reaching an intraday high of 181,148.26 points.
However, the index witnessed further selling pressure as it declined to close at 179,927.04 points — down 2,314.73 points (1.27 per cent) from the previous close.
Mettis Global, a web-based financial portal, and Topline Securities Ltd said market sentiment remained under pressure after the US and Iran exchanged fresh strikes in an escalating contest over control of the Strait of Hormuz.
