Get the latest news and updates from Dawn
KARACHI: The Pakistan Stock Exchange (PSX) on Thursday continued its slide for the third straight session, as jittery investors sold their positions amid economic uncertainty stemming from the escalating situation in the Middle East, dragging the benchmark KSE-100 index below 175,000 points in intraday trade.
Topline Securities Ltd said the PSX remained under pressure throughout the session as investor sentiment weakened following fresh US-Iran attacks, reigniting geopolitical tensions and pushing international crude oil prices higher.
The index plunged to an intraday low of 1,430 points at 174,612.15 before recovering some of its losses to settle at 175,547, down 495 points or 0.28 per cent.
The surge in global oil prices heightened concerns about inflationary pressures and their potential impact on the broader economy, prompting investors to adopt a cautious stance.
