Shafaqna Pakistan: The KSE-100 Index recorded a sharp drop on Tuesday, as trading at the Pakistan Stock Exchange opened on a negative note.
At the start of the second trading day of the week, the benchmark index fell by 1,595 points to 149,129, reflecting strong selling pressure in the market.
This decline follows a positive session on Monday, when the index had gained 809 points to close at 151,207, underscoring ongoing market volatility.
Investor sentiment remained cautious amid mixed global signals, particularly due to rising tensions in the Middle East, which have impacted regional markets.
According to reports, Japan’s Nikkei 225 posted a slight increase, while stock markets in Thailand and China also recorded modest gains. However, Indonesia’s Jakarta Composite Index declined by nearly one percent.
Similarly, Hong Kong’s Hang Seng Index dropped by one percent, while Malaysia’s FTSE Bursa Malaysia KLCI also recorded a slight downturn.
Analysts attribute the mixed trend in Asian markets and the sharp fall in Pakistan’s stock exchange to geopolitical uncertainties and cautious investor behavior.
Source: Dunya News
