100 Index fell to a low of 111,192 points


Karachi: The effects of the increasing tension between Pakistan and India have also started to affect the Pakistan Stock Exchange (PSX), with the index falling by more than 3,000 points during trading.
On the third day of the trading week, trading in the stock market also started in the negative zone, with a decline of more than 3,000 points. the Pakistan Stock Exchange's 100 Index fell to a low of 111,192 points.
It is pertinent to note that at the end of the previous trading day, the 100 Index in the stock market had closed at 114,872 points with an increase of more than 808 points.
Analysts have called the increasing Pak-India tension the reason for the decline.
Topline Securities Chief Executive Muhammad Sohail says that the reason for this decline is news of a possible attack in the next few days.
AKD Securities Director of Research Owais Ashraf said that investors are worried about a possible Indian military action against Pakistan, and concerns have increased after the press briefing of the Information Minister.
On the other hand, the US currency became cheaper by Rs0.12 in the interbank market, and the dollar is trading at Rs280.90 from Rs 281.02.

Economic growth improves but falls short of target
- 7 hours ago

Gold prices rise in local markets as international rates climb
- 6 hours ago

Gen Munir promoted to Field Marshal – What does the title mean?
- 3 hours ago
Army Chief Gen Asim Munir elevated to rank of Field Marshal
- 7 hours ago
'Love Guru' promotions go viral as Mahira, Humayun tour US
- 7 hours ago
Sindh minister’s house set on fire amid protest clashes
- 5 hours ago
Field Marshal Syed Asim Munir dedicates honor to nation and armed forces
- 6 hours ago
All Pakistan Business Competition held at National Textile University Faisalabad
- 6 hours ago
ASF officer caught on camera allegedly slapping passenger
- 8 hours ago
Three wounded in Finnish school stabbing, suspect arrested
- 4 hours ago

Eid ul Adha likely on June 7 in Pakistan
- 4 hours ago
Massive wildfire breaks out in Lower Dir
- 6 hours ago