The stock market declines sharply, with the KSE-100 index falling 1,595 points.

Tuesday saw a significant drop in the KSE-100 Index as trading at the Pakistan Stock Exchange started off poorly.

The benchmark index fell 1,595 points to 149,129 points at the beginning of the second business day of the week, indicating significant selling pressure in the market.

This follows Monday’s bullish close, which showed market volatility as the index rose 809 points to close at 151,207 points.

As tensions in the Middle East increased, global cues continued to be conflicting, which affected investor sentiment throughout regional markets.

The Nikkei 225 in Japan reportedly saw a minor rise, and the major markets in China and Thailand also saw slight increases. The Jakarta Composite Index for Indonesia, meanwhile, fell by about 1%.

In a similar vein, Malaysia’s FTSE Bursa Malaysia KLCI also had a minor decline, and Hong Kong’s Hang Seng Index fell by 1%.

Geopolitical risks and cautious investor behavior are blamed by analysts for the mixed trend in Asian markets and the precipitous decline in Pakistan’s stock exchange.