PSX opens week in the red, plummets 1,600 points during intraday trade

The Pakistan Stock Exchange had a volatile start to the week, with the benchmark KSE-100 index diving 1,600 points at its intraday low, reflecting heightened market anxiety. This plunge, marking a significant decline, was partially attributed to ongoing geopolitical tensions as the US and Iran exchanged threats. Despite a partial recovery later in the day, the market's volatility underscores broader economic concerns and the impact of international relations on local markets. This turbulence signals potential challenges for investors and the economy moving forward.