Karachi: The Pakistan Stock Exchange (PSX) witnessed heavy selling pressure on Friday as the benchmark KSE-100 Index plunged more than 2,800 points during intraday trading. Investor sentiment remained weak due to growing uncertainty surrounding ongoing US-Iran negotiations and concerns about potential geopolitical instability in the Middle East.
Market participants feared that any setback in diplomatic efforts could lead to renewed volatility in global oil prices, which may increase inflationary pressures and negatively impact Pakistan’s economy. The uncertainty prompted investors to adopt a cautious approach, leading to widespread selling across key sectors.
Analysts noted that the PSX has remained highly sensitive to developments related to US-Iran relations in recent months. Previous signs of progress in peace negotiations had boosted market confidence, while delays and uncertainty have repeatedly triggered sharp declines.
Despite the sharp intraday fall, market experts believe investor sentiment could improve if clarity emerges regarding the future of US-Iran talks and regional stability.
