Market slump: Fertilizer and oil stocks drag PSX lower

The Pakistan Stock Exchange (PSX) felt the ripple effects of the global market downturn this week. Selling pressure from foreign investors and mutual funds turned the sentiment negative, dragging the benchmark KSE-100 index down by 3.3%, closing at 114,853.

Weak urea off-take in March further weighed heavily on fertilizer stocks, while steep declines in global oil prices, spurred by recession fears and tariff wars, prompted investors to offload energy shares.

To explore what lies ahead for the PSX, tune in as Nukta’s presenter Shuja Qureshi discusses the potential market trajectory next week with Farhan Mahmood, Head of Research at Sherman Securities.