Four major psychological thresholds breached as market sentiment weakens
ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced a sharp downturn on Thursday, with the benchmark KSE-100 Index losing more than 4,500 points during trading. The market breached four key psychological levels in a single session, signaling heightened investor caution.
According to reports, the KSE-100 Index dropped by 4,509 points, closing at 174,344 points. During the session, the market fell past critical levels of 178,000, 177,000, 176,000, and 175,000 points, reflecting widespread selling pressure.
Financial analysts attribute the steep decline to waning investor confidence coupled with challenging global economic conditions. Market observers warn that sustained uncertainty could further weigh on equities, urging investors to monitor both domestic and international economic indicators closely.
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