US President Donald Trump\u2019s stubborn war mania quelled investor enthusiasm at the Pakistan Stock Exchange (PSX) on Thursday, turning the entire business environment into a state of confusion.<\/p>\n
In the morning, trading started with a cautious tone as stocks displayed absolutely flat performance on widely disturbing news about\u00a0Trump\u2019s assertion that the US would keep up\u00a0attacks on Iran without committing to a specific timeline to end the war. Adding to the anxiety was a notable 7% jump in International oil prices following his comment.<\/p>\n
The benchmark KSE-100 index had tumbled by 5,452.85 points to reach 150,058.71.\u00a0The market sentiment appears largely in line with analysts\u2019 expectations.<\/p>\n
The market was currently trading in negative territory, reflecting notable selling pressure during today\u2019s session. The index stood\u00a0at 151,500.64, down 4,010.92 points, or 2.58%, till filing of the report.<\/p>\n
Intra-day movement showed\u00a0the market reached a high of 152,052.19 and a low of 150,022.43, indicating a relatively wide trading range and heightened volatility. The benchmark index remained near the day\u2019s low, suggesting continued bearish sentiment as trading progressed.<\/p>\n
Read More:\u00a0Gold prices rise further in local, international markets<\/p>\n
Trading activity had\u00a0been active, with total volume at 110,013,697, pointing to strong participation from market participants. The total market value traded stood at Rs8.74 billion, reinforcing the presence of significant turnover during the session.<\/p>\n
With trading still underway, attention remained on whether the index could stabilise above the intra-day low or extend losses further.<\/p>\n","protected":false},"excerpt":{"rendered":"
US President Donald Trump\u2019s stubborn war mania quelled investor enthusiasm at the Pakistan Stock Exchange (PSX) on Thursday, turning the entire business environment into a state of confusion. In the morning, trading started with a cautious tone as stocks displayed absolutely flat performance on widely disturbing news about\u00a0Trump\u2019s assertion that the US would keep up\u00a0attacks …<\/p>\n","protected":false},"author":1,"featured_media":3343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts\/3340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3340"}],"version-history":[{"count":1,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts\/3340\/revisions"}],"predecessor-version":[{"id":3344,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts\/3340\/revisions\/3344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/media\/3343"}],"wp:attachment":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}