KARACHI, Pakistan – Web Desk: The Pakistan Stock Exchange (PSX) opened on a negative note on Thursday, extending losses as uncertainty over stalled negotiations between the United States and Iran weighed on investor sentiment.
The benchmark KSE-100 Index fell by 979.78 points, or 1.57%, dropping to 170,599.52 points in early trading compared to the previous close of 171,579.30 points.
A day earlier, the index had already declined by 1,576.48 points, reflecting continued bearish momentum in the market.
According to PSX data, market capitalization decreased to Rs 18.971 trillion, down from Rs 19.161 trillion in the previous session.
Trading activity remained strong despite losses, with over 1.05 billion shares traded in the ready market, though turnover value fell compared to the previous session.
Out of 486 active companies, 141 recorded gains, 303 declined, while 42 remained unchanged, indicating broad-based selling pressure across sectors.
Analysts say investor caution is being driven by global geopolitical uncertainty, particularly developments surrounding US-Iran talks, along with broader economic concerns affecting emerging markets.
