KARACHI: The Pakistan Stock Exchange (PSX) recorded what is being described as the largest single-day decline in its history, as escalating tensions in the Middle East triggered panic selling at the start of the trading week.
The benchmark KSE-100 Index plunged by 15,000 points shortly after trading began on Monday. Market officials termed it the steepest drop ever recorded in the exchange’s history.
Following the sharp fall, trading was temporarily suspended in accordance with market regulations designed to control extreme volatility.
The previous trading session had closed with the KSE-100 Index at 168,062 points. However, renewed geopolitical tensions over the weekend appear to have severely shaken investor confidence, leading to widespread sell-offs across major sectors.
Financial analysts say regional instability, rising oil prices, and uncertainty in global markets have compounded pressure on local equities.
Market observers were monitoring developments to assess whether stabilization measures or policy interventions may be introduced in the coming days.
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