{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreibha36ax5ve3w34arfxzexd2q53jccpexbju6qatcpgbivwwdsbkm",
    "uri": "at://did:plc:qdzcgmgri7npfs46puqpnnjo/app.bsky.feed.post/3mm4go27ikbe2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreie67kybcxllex5vscnc2ydzi3vfdg3xzn4o4tsjixoukeyqubwiqq"
    },
    "mimeType": "image/webp",
    "size": 29670
  },
  "path": "/news/2001140/psx-loses-2000-points-during-intraday-trade-as-bearish-momentum-persists",
  "publishedAt": "2026-05-18T08:10:31.000Z",
  "site": "https://www.dawn.com",
  "tags": [
    "Business",
    "KSE-100 index",
    "drove oil prices",
    "Last week",
    "sixth straight session"
  ],
  "textContent": "The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by over 2,000 points during intraday trade.\n\nThe KSE-100 index declined by 2,507.77 points or 1.51 per cent to stand at 163,088.30 at 1:04pm points from the previous close of 165,596.07 points.\n\nMost Asian indices were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two per cent higher.\n\nInvestor sentiment has remained depressed amid a lack of tangible progress in the US-Iran negotiations, while concerns over the fragile situation in the Strait of Hormuz fuelled fears of further disruption to global oil supplies.\n\nTokyo shares lost 1.0pc and Hong Kong was down 1.4pc, while Shanghai was flat. Sydney, Bangkok, Taipei, Singapore and Wellington also fell, with Jakarta tumbling 2.7pc.\n\nLast week, heightened geopolitical tensions and persistent economic uncertainty kept investors on edge, dragging KSE-100 below the pre-war level.\n\nThe PSX extended its losing streak to a sixth straight session on Friday, losing 902.77 points to settle at 165,596.07 points.\n\nAnalysts expect market performance this week to remain closely tied to geopolitical developments, particularly the trajectory of US-Iran negotiations and international oil prices, while investor activity is likely to stay cautious ahead of the federal budget.\n\n* * *\n\n_Additional input from AFP_",
  "title": "PSX loses 2,000 points during intraday trade as bearish momentum persists"
}