By Web Desk 
The Pakistan Stock Exchange (PSX) continued its downward trend on October 18, 2024, with the KSE-100 index shedding 335 points amid growing concerns over the country’s economic outlook. The bearish sentiment was driven by a combination of factors, including rising inflation, weakening currency, and uncertainty surrounding upcoming fiscal policies. Investors remain cautious, with many pulling back from the equity market and opting for safer investment options.
Financial analysts suggest that the current downturn in the PSX is reflective of broader economic challenges facing Pakistan, including an increase in fuel prices and disruptions in global supply chains. The energy sector, in particular, saw a significant decline, as rising costs continue to erode profit margins for major companies. Meanwhile, the banking and cement sectors also faced selling pressure, contributing to the overall market decline.
As the PSX struggles to regain investor confidence, many are looking toward the government’s upcoming economic reforms and international agreements to stabilize the market. However, with external factors such as rising oil prices and global economic uncertainties still in play, analysts predict that the market may continue to face headwinds in the coming weeks