Pakistan, April 30 -- The Pakistan Stock Exchange (PSX) came under significant pressure on Thursday as rising global oil prices and concerns over monetary tightening dampened investor sentiment.

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The benchmark KSE-100 Index experienced sharp volatility during the trading session, hitting an intraday high of 164,357.47 points before sliding to a low of 161,461.09 points. This represented a decline of 4,362.78 points, or 2.63%, compared to the previous close of 165,823.87.

Market analysts linked the downturn to a combination of global and domestic factors, including a surge in crude oil prices and the impact of recent interest rate adjustments, both of which have raised concern...