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PSX Slips Below 180,000 Amid Global Uncertainty
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PakTribune
Topline Securities Ltd said the stock market witnessed renewed selling pressure during the session, with the benchmark index extending its decline as geopolitical uncertainty remained elevated and investors booked profits across major index-heavy sectors.
Major index-heavy companies remained under selling pressure and contributed significantly to the decline.
Despite the positive corporate results, overall market activity remained subdued as investors continued to adopt a cautious approach amid uncertainty over global developments.
Investors are closely monitoring developments in the Middle East, movements in international crude oil prices and prospects for diplomatic engagement between the United States and Iran.
However, a further escalation could intensify selling pressure, particularly in sectors sensitive to oil prices, inflation and external financing conditions.