The Pakistan Stock Exchange (PSX) remained under the hammer during Friday’s early trading as geopolitical tremors continued to fuel panic selling, eroding the benchmark KSE-100 Index by over 2,000 points by midday.
After plunging nearly 2,400 points in the previous session, the benchmark index failed to find stability. Data from the PSX showed the KSE-100 hovering near the 167,000 level midday, a sharp decline of 2,011 points or 1.19%.
Investors resorted to a risk-off strategy amid the escalating deadlock between the United States and Iran, with fears of supply disruptions rattling global commodity markets.