Investor sentiment remains fragile as fears of regional instability continue to grow
Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Monday as rising fears over the escalating Iran-US-Israel conflict rattled investors. The market closed with a significant loss, falling by 3.21 percent.
During intraday trading, the PSX saw a steep decline of over 4,000 points, triggering panic among traders. The market consecutively lost four psychological levels — 120,000, 119,000, 118,000, and 117,000 points — within a single trading session.
By the end of the day, the benchmark KSE-100 Index had plummeted by 3,855 points, closing at 116,167 points.
The escalating geopolitical crisis, particularly the U.S. attack on Iranian nuclear facilities, has deeply unsettled investors. Market participants expressed grave concerns over the potential closure of the Strait of Hormuz and a subsequent spike in global oil prices, which could have severe economic implications for Pakistan.
Investor sentiment remains fragile as fears of regional instability continue to grow.