After a remarkable surge of 14,137.55 points on Wednesday, the KSE-100 index at the Pakistan Stock Exchange experienced a significant decline on Thursday, plummeting over 3,800 points shortly after the market opened. As of 09:34 AM, the index was down to 161,993.00, reflecting a 2.18% drop. The sell-off was driven by concerns surrounding the stability of a two-week ceasefire between Iran and the US, which has raised fears over potential disruptions in energy supplies through the Strait of Hormuz. Key sectors such as automobiles, chemicals, and commercial banks faced heavy selling pressure, with major stocks like Atlas Honda Ltd and Dewan Motors trading lower.
BUSINESSLast Update 1h ago
Pakistan Stock Exchange KSE-100 Index Plummets Amid US-Iran Ceasefire Concerns
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Following a historic rally, the KSE-100 index faced a sharp sell-off, dropping over 3,800 points amid renewed concerns about a fragile ceasefire in the Middle East. The index recovered slightly but remains under pressure as investor confidence wavers.
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