The Pakistan Stock Exchange (PSX) experienced a historic downturn during trading hours, marking the second-largest single-day decline in its history.
The benchmark KSE-100 index plummeted by a staggering 4,240 points, bringing the index down to 110,631 points. In a dramatic fall, the market breached four key psychological levels in a single day — slipping past 114,000, 113,000, 112,000, and 111,000 points, sending shockwaves through investors and market participants.
The sharp decline reflects intense selling pressure, investor panic, and potentially underlying concerns about economic indicators or policy shifts. Analysts are expected to weigh in as the market digests the causes and implications of this historic slump.
Earlier in the day, the Pakistan Stock Exchange (PSX) witnessed a sharp sell-off, with the benchmark KSE-100 index dropping 2,515.99 points (2.19%) as geopolitical tensions between Pakistan and India spooked investors.
As of 12:09 PM, the index stood at 112,356.19, significantly down from the previous close of 114,872.18. The day’s trading saw the index fluctuate between a high of 114,066.12 and a low of 111,192.92, with a trading volume exceeding 111 million shares.
Analysts attributed the downturn to fears of a potential military strike by India, following warnings from Pakistan and a press briefing by Information Minister Attaullah Tarar, who suggested India might launch an attack within 24 to 36 hours.
Despite a strong one-year gain of 58.02%, the index is now down 2.41% year-to-date, as political and regional uncertainty heavily influences market direction.
