PSX tumbles over 2,800 points in intraday trade on back of uncertainty over US-Iran talks

The Pakistan Stock Exchange's KSE-100 index fell by over 2,800 points during intraday trade due to uncertainty following the postponement of US-Iran talks in Geneva, which had initially been seen as a step toward peace under the Islamabad MoU. The decline contrasted with analysts' expectations of sustained market recovery.