PSX opens week in the red, plummets 2,000 points during intraday trade

The Pakistan Stock Exchange kicked off the week with a significant downturn, as the KSE-100 index dropped by 2,000 points during intraday trading on Monday, marking a sharp decline in market confidence. This dramatic fall, which brought the index to 180,026.5 points, reflects heightened global tensions, especially with the US and Iran's escalating conflict over the Strait of Hormuz, and rising oil prices. This volatility underscores the PSX's sensitivity to international geopolitical events, which can have ripple effects on local markets.