The Pakistan Stock Exchange (PSX) suffered a sharp sell-off on Wednesday after US President Donald Trump’s statement declaring the interim agreement with Iran “over” rattled investor sentiment, dragging the benchmark index lower.
The benchmark KSE-100 Index plunged 6,449.34 points, or 3.46%, to 179,806.21 points from the previous close of 186,255.55, reflecting broad-based losses across the market as investors reacted to the latest development.
“The statement by President Trump about the ceasefire effectively over has spooked oil and equity markets. The reaction to that can be witnessed in the market with shares coming f off violently from their recent lows,” Ismail Iqbal Securities CEO Ahfaz Mustafa told Geo.tv.
This is a developing story and is being updated with more details.
