PSX extends losses for second session
KARACHI: The Pakistan Stock Exchange (PSX) remained under selling pressure for the second straight session on Tuesday, as elevated oil prices stemming from the ongoing Middle East conflict and political instability following the imposition of governor’s rule and emergency in Khyber Pakhtunkhwa continued to fuel uncertainty and doubts about macroeconomic stability amid an upward spiral in…
KARACHI: The Pakistan Stock Exchange (PSX) has seen a second consecutive day of losses on Tuesday, as geopolitical tensions and economic concerns continue to cast a shadow over market sentiment. The benchmark KSE-100 index fell 814.44 points, or 0.49 percent, closing at 165,151.64, as investors remain cautious amid rising oil prices and political instability.
The PSX experienced a volatile trading session, fluctuating between 165,111 and 166,425, with selling pressure impacting major stocks like Attock Refiner, Engro Holdings, and Systems Ltd. Analysts suggest that the market may experience volatility in the coming days, urging investors to focus on fundamentally strong companies and monitor geopolitical developments.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
