US EditionPSX Sheds over 5,000 Points as Profit-Taking Grips Market
- On Thursday, the Pakistan Stock Exchange's benchmark KSE-100 Index shed over 2,000 points during intraday trading, reversing significant gains recorded just one day earlier.
- Renewed jitters regarding the Middle East peace track weighed on sentiment after Iran's stance raised doubts about an early de-escalation, prompting cautious investor behavior.
- Independent analyst AAH Soomro noted the "negative sentiment that the peace proposal is rejected by Iran, signalling continued hostility," adding the economy remains "edgy but nudging forward."
- Across Asia, markets including Tokyo, Hong Kong, Shanghai, Seoul, Sydney, Taipei, Singapore, Manila, Bangkok, and Jakarta struggled on Thursday as investors cashed in on previous rallies.
- Markets remain sensitive to diplomatic developments, as President Donald Trump threatened to "unleash hell" if Iran refused a deal, while investors monitor the region for signs of stability.
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12 Articles
Stocks sink as uncertainty weighs on markets - BusinessWorld Online
PHILIPPINE SHARES retreated on Thursday as investors cashed in on the market’s two-day climb and amid continued uncertainty over the conflict in the Middle East. The benchmark Philippine Stock Exchange index (PSEi) fell by 0.99% or 59.97 points to close at 5,984.20, while the broader all shares index went down by 0.65% or 22.05 points to end at 3,334.11. “The local market pulled back as investors took profits following two straight days of rally…
PSX sheds over 5,000 points as profit-taking grips market
Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Thursday, with the benchmark KSE-100 Index plunging 3.41%, erasing the previous session’s gains amid rising geopolitical uncertainty and persistent technical weakness. At close, the KSE-100 Index settled at 152,908, down 5,405 points, as broad-based selling pressure dominated market activity. Market breadth remained negative, with 92 stocks declining against just 7 advancers, reflecting…
PSX loses over 2,000 points during intraday trade
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 witnessed a loss of over 2,000 points during intraday trading on Thursday after seeing a significant recovery a day earlier. The KSE-100 declined by 2,643.02 points or 1.67 per cent to stand at 155,670.42 points at 11:59am from the previous close of 158,313.44 points. On Wednesday, value-hunting lifted the benchmark KSE-100 index above the 158,000 mark amid cautious optimism over easing…
Geo News
PSX slips as doubts grow over Middle East peace
KSE-100 Index settled at 152,207.89, up 1,225.99 points, or 0.8%.Index hit intraday high of 157,442.68, up 4,702.31 points, or 3.08%.Index recorded a low of 153,382, still up 641.63 points, or 0.42%.Stocks at the bourse slipped on Thursday as...
PSX volatile as KSE-100 pares losses after 1,300-point dip
KARACHI: The Pakistan Stock Exchange (PSX) remained volatile on Friday morning, with the benchmark KSE-100 index trading at 152,505.37 points by 11:20am, down 402 points or 0.26 per cent. The index had earlier plunged by more than 1,300 points in early trade before partially recovering. The broader All-Share Index fell 407 points (0.45pc) to 91,378.45, while the KSE-30 shed 143 points (0.31pc). The KMI-30 also lost 875 points (0.40pc), underscor…
Pakistani Stocks Tumble 5,400 Points Amid US-Iran Peace Talks Uncertainty
Pakistani stocks tumbled sharply today as investors reacted nervously to uncertainties surrounding the ongoing US-Iran peace negotiations. The KSE-100 index shed over 5,400 points, closing at 152,907, marking a loss of 3.4 percent for the day from the previous session’s 158,313 points. Trading activity remained strong, with 313 million shares changing hands, representing a total […] The post Pakistani Stocks Tumble 5,400 Points Amid US-Iran Peac…
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