Trading at the Pakistan Stock Exchange (PSX) came to a standstill for an hour due to a dramatic plunge in the KSE-100 index by over 8,000 points. This turmoil was fueled by concerns over US tariffs and apprehensions of a looming global recession. Even after the trading halt, the PSX witnessed a further drop of 2,000 points, ultimately concluding at 114,909.48 points, depicting a significant decline of 3.27%. Financial experts point towards panic selling triggered by the prevailing economic uncertainty as the primary reason behind this sharp downturn.
Pakistan Stock Exchange halts trading due to 8,000-point plunge, closing down 3.27% amidst global recession fears.
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