Karachi: The Pakistan Stock Exchange (PSX) experienced a notable downturn this week, primarily driven by escalating tensions in the Iran-Israel conflict.
Karachi: The Pakistan Stock Exchange experienced a notable downturn this week, primarily driven by escalating tensions in the Iran-Israel conflict. The benchmark Karachi 100 Index closed at 120,023 points, marking a decline of 2,120 points from the previous week’s close of 122,143 points.
Throughout the week, the index fluctuated between a high of 122,903 points and a low of 119,770 points, reflecting increased market volatility. Trading activity saw approximately 410 million shares exchanged, with a total transaction value of around 11.78 billion rupees. Market capitalization also declined by 211 billion rupees, settling at 14.536 trillion rupees. Market analysts attribute the downward trend to rising geopolitical tensions and shifting global circumstances, which have dampened investor confidence.The future trajectory of the market will largely depend on international developments and political stability in the coming weeks. Investors remain cautious as geopolitical uncertainties continue to influence market sentiment, with many awaiting clearer signals from global political arenas.
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