{"id":10334,"date":"2025-06-13T12:05:37","date_gmt":"2025-06-13T12:05:37","guid":{"rendered":"https:\/\/ipp-news.com\/?p=10334"},"modified":"2025-06-13T12:05:37","modified_gmt":"2025-06-13T12:05:37","slug":"psx-continues-bearish-run-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=10334","title":{"rendered":"PSX continues bearish run amid geopolitical tensions"},"content":{"rendered":"
The Pakistan Stock Exchange (PSX) experienced a notable decline on Friday, with the KSE-100 index falling by 1,949.56 points, closing at 122,143.56 amid escalating\u00a0geo-political tensions that followed Israel’s attack on Iran earlier today.<\/p>\n

The KSE 100 Index ended the day’s session registering\u00a0a decline of 1.57%.<\/p>\n

The index recorded a\u00a0high at 123,058.06 points during the day, while the low reached 121,604.59.<\/p>\n

Trading volume stood at 238,192,304 shares, with a total value of 19,718,824,728. The index had previously closed at 124,093.12.<\/p>\n

Israel launched an attack on Iran today targeting the country’s nuclear facilities under the pretext of preventing Tehran from developing atomic weapons.<\/p>\n

The attack, that\u00a0killed Iranian nuclear scientists and targetted the top 20 military commanders, was carried out\u00a0despite Iran’s long-standing insistence that its nuclear-related activity is for peaceful purposes.<\/p>\n

Israel, which is believed to be the only nuclear armed state in the Middle East, has declared a state of emergency in anticipation of retaliation by Iran.<\/p>\n

Earlier on Thursday, the PSX saw a turbulent session, with the benchmark KSE-100 index hitting a record intra-day high of 126,718 before reversing course and closing modestly lower.<\/p>\n

At the end of trading, the benchmark KSE-100 index lost 259.56 points, or 0.21%, and settled at 124,093.12.<\/p>\n

The market volatility continues to reflect broader uncertainties tied to global events.<\/p>\n

Early gains were supported by improved investor sentiment, driven by the budget announcement, robust remittances and monetary policy expectations.<\/p>\n

However, the rally lost steam as the session progressed, with profit-taking in overheated stocks and geopolitical uncertainty surrounding the Middle East, undermining sentiment.<\/p>\n

Arif Habib Corp MD Ahsan Mehanti stated that stocks closed under pressure on geopolitical uncertainty and post-budget profit-taking in overbought shares.<\/p>\n

“The rout in global equities on Middle East tensions, a slump in international crude oil prices and a weak rupee on contracting exports were among the key factors behind the bearish close of the market,” he added.<\/p>\n

JS Global analyst Mubashir Anis Naviwala said that the index hit a high of 126,718 before profit-taking dragged it down by 260 points.<\/p>\n

The analyst advised investors to watch for key support levels and use dips to accumulate stocks with focus on fertiliser, cement and banking sectors for near-term opportunities.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The Pakistan Stock Exchange (PSX) experienced a notable decline on Friday, with the KSE-100 index falling by 1,949.56 points, closing at 122,143.56 amid escalating\u00a0geo-political tensions that followed Israel’s attack on Iran earlier today. The KSE 100 Index ended the day’s session registering\u00a0a decline of 1.57%. The index recorded a\u00a0high at 123,058.06 points during the day, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-10334","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/10334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10334"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/10334\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}