Dawn
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11:29 Apr 02, 2026
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index sank by 3,500 points on Thursday, after a press conference by United States President Donald Trump dampened investor hopes of a quick end to the war on Iran. The KSE-100 index dropped by 4,073.85 points, or 2.62 per cent, to stand at 151,505.26 points as of around 12:15pm, in a change of course from the bullish momentum it had sustained over the past two days. It closed at 152,011.26 points, down 3,500.30 points or 2.25pc, from the previous close of 155,511.56. Topline Securities said that the local bourse remained under pressure, “tracking the negative momentum in global markets” after remarks by Trump on the ongoing war on Iran dented investor sentiment. “Escalating geopolitical tensions, coupled with a surge in oil prices, kept market participants on the back foot, reinforcing a cautious stance throughout the session,” it said. “Selling pressure prevailed across the board, dragging the index to an intraday low of 5,489 points. The market eventuall...