<p>Karachi: Trading was suspended at the Pakistan Stock Exchange (PSX) for an hour as the benchmark KSE-100 index plummeted by more than 8,000 points on Monday, triggered by the imposition of sweeping tariffs by the US.</p><p>Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange.</p>.Trade halted at Pakistan stock exchange after index slumps more than 5%.<p>Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade.</p><p>The index closed at 114,909.48, down by 3,882.18 or 3.27 per cent, from the last close. </p><p>Uzma Khan, financial analyst at Arif Habib Securities, said the automatic circuit breakers are designed to prevent panic selling and provide investors time to reassess during extreme market volatility.</p><p>She said that investors are worried about a global recession due to the tariff hikes by the United States and retaliatory measures from other global economies.</p><p>The benchmark KSE-100 index initially declined by 6,287.22 points, or 5.29 per cent by 11:58 am, before trading was halted. Shortly after reopening, it declined by a cumulative 8,687.69, or 7.31 per cent, from the last close to stand at 110,103.97 at 1:15 pm.</p><p>At 2:02 pm, the index stood at 113,154.63, down by 5,637.03 or 4.75 per cent from the last close.</p>
<p>Karachi: Trading was suspended at the Pakistan Stock Exchange (PSX) for an hour as the benchmark KSE-100 index plummeted by more than 8,000 points on Monday, triggered by the imposition of sweeping tariffs by the US.</p><p>Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange.</p>.Trade halted at Pakistan stock exchange after index slumps more than 5%.<p>Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade.</p><p>The index closed at 114,909.48, down by 3,882.18 or 3.27 per cent, from the last close. </p><p>Uzma Khan, financial analyst at Arif Habib Securities, said the automatic circuit breakers are designed to prevent panic selling and provide investors time to reassess during extreme market volatility.</p><p>She said that investors are worried about a global recession due to the tariff hikes by the United States and retaliatory measures from other global economies.</p><p>The benchmark KSE-100 index initially declined by 6,287.22 points, or 5.29 per cent by 11:58 am, before trading was halted. Shortly after reopening, it declined by a cumulative 8,687.69, or 7.31 per cent, from the last close to stand at 110,103.97 at 1:15 pm.</p><p>At 2:02 pm, the index stood at 113,154.63, down by 5,637.03 or 4.75 per cent from the last close.</p>