On Monday, the Benchmark’s SE -100 index, with a decrease of 6,287.22 points, was temporarily suspended after a severe market crash.
The stock market is settled at 112,504.44 points, which is close to 118,791.66 points in the previous session.
On the first day of the Saturday, a standing drop began as the trade began, in which a wave of panic was terrified by the reaction of the global market to US President Donald Trump’s recent prices policies. The uncertainty about these policies has created riots in markets all over the world, which has a negative impact on investors’ confidence all over the world.
By noon, PSX had to stop the trade for 45 minutes to manage rapid misery. The bear’s market was clear in wide -ranging sales, especially in sectors such as cement, commercial banking, oil and gas exploration, oil marketing companies (OMCS), refineries and power generation. Key stocks that greatly affect the KSE -100 index, including Hubco, ARL, Mari, OGDC, PPL, Pool, PSO, SNGPL, SSGC, and HBL, all of them were significantly damaged, which led to further negative region.
The rapid decline in PSX follows an unstable week, where the market initially increased by more than 1,800 points, which reached 120,793, but suddenly the day ended with a dip, which reduced 146 points to 118,791.
The effects of President Trump’s offensive tariff policies have spread beyond the US borders, affecting international markets, including Japan’s Nikki 225, which has reduced more than 6 %. Other major Asian markets, such as Hong Kong’s Hang Seng, China’s Shanghai, Korea’s Kuspi, and India’s BSE Sensex also suffered significant losses, reflecting global investors’ concerns.
