Pakistan Stock Exchange Halts Trading Due to 8,000-Point Plunge Amid Global Recession Fears

Trading at the Pakistan Stock Exchange came to a temporary halt for an hour after the KSE-100 index experienced a significant drop of over 8,000 points, primarily influenced by US tariffs and concerns surrounding a potential global recession. Following the pause, the PSX witnessed a further decline of 2,000 points, ultimately closing at 114,909.48 points, reflecting a decrease of 3.27% for the day. Market analysts have linked this sharp downturn to widespread panic selling driven by prevailing economic uncertainties.

In Trend

EU urges India to slash car import tariffs for trade deal, benefiting European automakers like Volkswagen and Tesla.

Varanasi police arrest 6 suspects in case of 19-year-old woman allegedly raped by 23 men in 7 days.

Leave a Reply

Your email address will not be published. Required fields are marked *