PSX falls nearly 1,200 points on profit-taking
Profit-taking and weak regional cues drove broad selling, with the KSE-100 closing at 186,255.55 after 984.8 million shares changed hands, Topline Securities said.
- On Tuesday, the Pakistan Stock Exchange snapped a five-day bullish run as the KSE-100 Index fell 1,199.14 points to close at 186,255.55, driven by broad-based profit-taking after the market's recent record-breaking rally.
- Investor confidence plummeted Wednesday after US President Donald Trump declared the interim ceasefire with Iran "over," triggering panic selling that drove the KSE-100 Index down 4,626.18 points or 2.48%.
- Selling concentrated in oil and gas, cement, and fertiliser sectors, according to AKD Securities, while the market maintained an attractive forward price-to-earnings ratio of 6.9x despite short-term weakness.
- Director of research Awais Ashraf at AKD Securities noted inflation is expected to fall into single digits next month, strengthening the case for monetary easing and potentially serving as a catalyst for fresh record highs.
- Sustained foreign investor interest and local institutional buying remain supportive factors, with Arif Habib Limited expecting index support to hold between 185.5k-186k as the market advances toward the 190k target.
37 Articles
37 Articles
Malay Mail
Trump says ceasefire with Iran ‘over’ after Strait of Hormuz clashes
TEHRAN, July 8 — US President Donald Trump said the ceasefire with Iran was “over” Wednesday but left the door open to more talks, after fighting flared sparked by Iranian attacks on ships in the vital Strait of Hormuz.The strategic shipping route remains a flashpoint in the conflict, which began in late February with massive US-Israeli strikes on Iran.Tehran insists on controlling the waterway, saying it will charge fees for passage and threate…
Indian Markets Tank After Trump Signals End of Peace Negotiations with Iran, Late Sell-off Triggered
Get latest articles and stories on Business at LatestLY. The Indian stock market tanked immediately after US President Donald Trump said at NATO Summit at Ankara, "We attacked very powerfully last night against Iran. Iran shot rockets at ships, that's why US hit back," Trump said. He added, "Iran doesn't know what it's doing, they are incompetent," and "We wasted a lot of time with Iran," triggering a sharp wave of risk-off sentiment in the fina…
Sensex crashes 1,700 points, Nifty below 23,900; VIX jumps sharply
Indian equity markets ended the session with heavy losses as escalating geopolitical tensions and a sharp spike in global risk aversion triggered broad-based selling across sectors. The Sensex plunged nearly 1,700 points, while the Nifty slipped below the 23,900 mark, marking one of the sharpest single-day declines in recent months. Market volatility surged, with the India VIX jumping sharply as investors rushed to reduce risk. The sell-off was …
Stock Market Crash: Wednesday proved to be a particularly bad day for stock market investors. After opening with a decline, the Sensex suddenly fell 1,900 points and the Nifty 550 points in the final trading hour.
Stock market crash: Bloodbath on Dalal Street! Sensex, Nifty50 tank 2% as Trump declares end of truce with Iran - top reasons for sharp fall
Stock market crash: Selling pressure gathered pace during the second half of the session after US President Donald Trump declared that the interim agreement with Iran to end the conflict was "over," reigniting fears of further escalation in the Middle East.
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