PSX tumbles amid political unrest

The Pakistan Stock Exchange (PSX) faced volatility on Tuesday, with the benchmark KSE-100 Index experiencing its largest single-day drop, plummeting by over 3,500 points. The sharp decline came amid growing concerns over the political situation in Islamabad, where the Pakistan Army was called in to prevent escalating protests. The market opened lower, with the KSE-100 Index hitting an intra-day low of 97,361 points due to rising political tensions. However, a brief recovery followed, driven by buying activity in the banking sector, pushing the index to a high of 99,819.59 points by 11:08 AM. Despite this rebound, the market struggled to maintain momentum, and by 12:35 PM, the KSE-100 Index had fallen by 2,281.88 points, or 2.33%, to 95,797.90. Further selling pressure during the afternoon session pushed the index even lower, reaching around 94,200 points before closing at 94,574, down 3,506 points, or 3.57%.