PSX tumbles over 11,000 points as Middle East war rattles investors
“Pakistan’s stock market plunged more than 11,000 points as geopolitical tensions and surging oil prices triggered panic selling.”
Key points
- Pakistan’s stock market plunged more than 11,000 points as geopolitical tensions and surging oil prices triggered panic selling.
- The steep fall briefly halted trading and deepened concern over inflation and macroeconomic stability.
The Pakistan Stock Exchange suffered a sharp sell-off as escalating Middle East conflict and soaring oil prices shook investor confidence. The benchmark KSE-100 Index closed at 146,480.14, down 11,015.96 points, making it one of the steepest single-day declines in the market’s history.
Heavy early losses forced a temporary trading halt under the exchange’s risk-management rules after the KSE-30 Index dropped beyond the threshold. Trading later resumed, but market sentiment remained weak as investors assessed the implications of higher energy costs, macroeconomic pressure and uncertainty around monetary policy.
Analysts said the war premium in oil and the absence of a visible de-escalation path were intensifying fears for Pakistan’s inflation outlook and broader stability. Despite some views that valuations have become attractive, the immediate market mood remained defensive.
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