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KARACHI: Amid looming energy turmoil and a deteriorating situation in the Middle East, investors grew jittery, leaving the market to bears. As a result, nervous selling on the Pakistan Stock Exchange (PSX) dragged the benchmark KSE-100 index below 175,000 on Wednesday.
Topline Securities Ltd said the market turned bearish, closing 1,703.64 points lower, or 0.97 per cent, at 174,429.93, as broad-based selling pressure gripped the market amid heightened geopolitical tensions and persistent concerns about rising global oil prices. Investor sentiment remained fragile throughout the session, prompting risk-off positioning across key sectors.
Index loses 1,704 points to close at 174,430
Market participants remained cautious as escalating Middle East tensions continued to fuel uncertainty over global energy prices and inflation, overshadowing positive signals from international equity markets. The sustained rise in crude oil prices also raised concerns about Pakistan’s external account and inflation outlook, prompting investors to reduce exposure to cyclical sectors.
