PSX Closing Bell: A Heavy Red Finish
The benchmark KSE-100 Index extended its decline on Monday, shedding 1,964.86 points or 1.18% to close at 165,124.41, as heightened geopolitical tensions dampened investor confidence and triggered broad-based selling across major sectors. Persistent uncertainty surrounding regional developments kept investors cautious, with concerns over a potential escalation of geopolitical tensions weighing on risk appetite. Selling pressure intensified in banking, exploration, cement, and technology stocks, leaving the benchmark firmly in negative territory throughout the session. The index traded within a range of 1,819.83 points, touching an intraday high of 166,988.32, down 100.95 points, before slipping to a low of 165,168.49, reflecting a decline of 1,920.78 points.