The Pakistan Stock Exchange (PSX) saw a strong negative trend today as investor confidence dropped.

After heavy fluctuations, the KSE-100 index fell by more than 6,948 points and closed at 103,060 points.

“All TRE Certificate Holders are hereby informed that due to a 5% decrease in the KSE-30 index from the previous trading day’s close of the index, a Market Halt has been triggered as per PSX Regulations and all equity and equity-based markets have been suspended accordingly,” the bourse said.

Widespread selling was seen in major sectors such as automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration, OMCs, power generation, and refineries. Key stocks with significant weight in the index, including HUBCO, ARL, MARI, OGDC, POL, PSO, SSGC, NBP, and UBL, all experienced losses.

The day started with a positive trend, and the index rose by over 1,800 points due to investor optimism.

However, reports of rising Pakistan-India tensions and the downing of Indian drones changed the situation.

Experts attribute this upward movement to improvements in key economic indicators, expectations of political stability, and hopes for a potential easing of monetary policy.

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The increase in investor interest has also contributed to a noticeable buying trend across the market.