The Pakistan Stock Exchange (PSX) witnessed a dramatic development today as trading was suspended after the market plunged by an astounding 6,000 points.
According to market regulations, this halt will last for 30 minutes, allowing investors an opportunity to evaluate the situation amidst the swirling market volatility.
On this eventful April 7, 2025, the Pakistan Stock Exchange experienced a significant downturn, with the benchmark KSE-100 index nosediving by 4,411.07 points, or a remarkable 3.71%, settling at 114,380.59 at precisely 11:39 AM. This represents one of the most precipitous single-day declines witnessed in recent months.
The index began the day on an optimistic note, opening at 117,601.62 but gradually descended to hit its lowest point of 114,380.59, with trading volumes soaring beyond 147 million shares being transacted.
Despite a formidable 64.29% increase over the past year, the current year-to-date (YTD) performance has now taken a downward turn to reach -0.65%. Just yesterday, the index had concluded the session at 118,791.66.
Throughout the current day, the index fluctuated between 114,380.59 and 117,601.62, whereas its 52-week range extends between 68,710.50 and 120,796.67.
Investors remain cautious in the face of market unpredictability, as analysts highlight political turbulence, economic instability on a macro level, and global influences as major factors contributing to the downturn.