Trump\u2019s Iran remarks rattle investors
\nBenchmark KSE-100 Index falls 2.48% amid broad-based selling across key sectors
\n islamabad
\nThe Pakistan Stock Exchange (PSX) extended losses on Wednesday, with the benchmark KSE-100 Index closing sharply lower after comments by US President Donald Trump regarding Iran unsettled global financial markets and weighed on investor sentiment.
\nThe benchmark index settled at 181,629.36 points, down 4,626.19 points, or 2.48%, from the previous close of 186,255.55.
\nThe market remained under pressure throughout the session, touching an intraday high of 185,215.56 points and a low of 179,504.34 points before recovering some losses by the close.
\nTrading activity remained robust, with more than 571.94 million shares changing hands, while the total traded value stood at Rs45.80 billion.
\n\u201cThe statement by President Trump about the ceasefire effectively being over has spooked oil and equity markets. The reaction to that can be witnessed in the market with shares coming off violently from their recent highs,\u201d Ismail Iqbal Securities Chief Executive Officer Ahfaz Mustafa told Geo.tv earlier in the day.
\nMeanwhile, oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after Trump\u2019s statement.
\nEuropean shares dropped 1.6%, on track for the biggest one-day drop in the STOXX 600 since mid-March, while US futures ESc1, NQc1STXEc1 fell 0.8% to 1.2%.
\n The stock market has already been under some pressure in the last couple of weeks, as investors are increasingly questioning the valuations of some of this year\u2019s high-flying semiconductor and AI-linked stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trump\u2019s Iran remarks rattle investors Benchmark KSE-100 Index falls 2.48% amid broad-based selling across key sectors islamabad The Pakistan Stock Exchange (PSX) extended losses on Wednesday, with the benchmark KSE-100 Index closing sharply lower after comments by US President Donald Trump regarding Iran unsettled global financial markets and weighed on investor sentiment. The benchmark index […]<\/p>\n","protected":false},"author":2,"featured_media":550998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-555299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n