The Pakistan Stock Exchange (PSX) witnessed a steep drop on Friday as escalating tensions between Iran and Israel rattled investor confidence.
The benchmark index fell by 1,947 points, closing at 122,147, after breaching key psychological levels of 124,000 and 123,000 during the day.
Read more: PSX Breaks Records as Budget Sparks Investor Confidence
Analysts attributed the sharp decline not only to the rising regional conflict but also to new budgetary measures, including a regulation requiring investors to verify their eligibility with the Federal Board of Revenue (FBR) before making stock purchases.
Experts warned that this combination of geopolitical unrest and tighter financial regulations could dampen investor sentiment and market activity in the near future.
