Pakistan Stock Exchange (PSX) staged a recovery on Monday after witnessing a nosedive of over 15,000 points amid rising geopolitical tensions involving Iran, Israel and the US.
During intraday trading, the KSE-100 recovered by 2,944.26 points to reach 155,935.41 points as earlier it plunged to 152,717.46 points. Earlier, trading activity was suspended at the Pakistan Stock Exchange (PSX) after it crashed by over 15,000 points on Monday amid rising geopolitical tensions involving Iran, Israel and the US. As per the marked opened, the KSE-100 index dropped by 15,071.01 points to reach 152,991.15 points, reflecting a change of 8.97 percent compared to previous close of 168,062.16 points.
The trading activity had been stopped for one hour to avoid further losses.