PSX turns red once again

The Pakistan Stock Exchange (PSX) opened trading on Wednesday with a quick fall of 440 points. in the following half an hour of trading, this decline crossed 1,500 points. Some of these losses were recovered by the market soon, but the benchmark KSE-100 index continues to trade below opening level.

On Tuesday, the PSX closed at 115,532.43 points with around 600 points gains. This recovery had followed bloodbath on Monday when the market plummeted following the global stock market crisis. On Wednesday, the KSE-100 index turned red again, with some gentle recovery pushes.

PSX makes partial recovery amid global rebound

The market lost nearly 1,500 points, then went up a little, then fell down again,. Around 11 AM, the index looked like this:

Investor caution lingers amid concerns over the global tariff and counter tariff standoff. There are also expectations of a possible recession triggered by these tariffs, which is further causing confidence erosion in the domestic and international markets.

On the flipside, the international mineral conference being held in Islamabad is boosting some investor sentiment, particularly with regards to potential foreign direct investment in Pakistan.

Analysts said that looking forward, markets could continue to show some volatility, largely depending upon how the international and Asian markets behave.

Web Desk