The Pakistan Stock Exchange (PSX) experienced on Friday a sharp decline on renewed geopolitical tensions between Iran and Israel, with the benchmark index dropping by 1,947 points, closing at 122,147.
The market lost two critical thresholds of 124,000 and 123,000 points during the session, marking a significant downturn.
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Experts have said that the decline not only to regional instability but also to newly introduced conditions in the federal budget, adding that these included a requirement for investors to prove their eligibility to the Federal Board of Revenue (FBR) before purchasing shares.
Market analysts warned that such regulatory changes, combined with external geopolitical pressures, are likely to keep investor sentiment subdued in the short term.
