Pakistan Stock Exchange suffers major dip amid border tensions, IMF GDP forecast

Karachi: The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Tuesday as the benchmark KSE-100 index dropped by 1,204 points, closing at 117,226.

According to market analysts, trading began on a positive note, but rising border tensions and a grim GDP outlook from the IMF prompted investor caution, resulting in a nearly 1% decline in the index.

A total of 600 million shares were traded, with a transaction value of Rs. 27.76 billion. Meanwhile, the market capitalization shrank by Rs. 103 billion, settling at Rs. 14,340 billion.