Pakistan, June 20 -- The Pakistan Stock Exchange (PSX) ended Thursday in the red for a third day in a row. The benchmark KSE-100 Index dropped 463 points, closing at 120,002.59. The index had started strong, reaching over 121,700 points, but later reversed gains due to regional and global worries.

Geopolitical tensions played a major role in the decline. A recent solo meeting between US President Donald Trump and Pakistan's Army Chief, without any civilian officials, drew attention. Many in Islamabad see it as a diplomatic win. However, it also sparked debate about changing regional alliances, which made investors nervous.

At the same time, the US Federal Reserve kept interest rates unchanged. Although it signaled future rate cuts, it w...