On Monday, the Pakistan Stock Exchange (PSX) experienced a significant downturn as increasing apprehension surrounding the escalating Iran-US-Israel conflict rattled investors. The market concluded the day with a substantial loss, declining by 3.21 percent.
KSE-100 Index Plunges as Investor Fears Mount
During intraday trading, the PSX witnessed a sharp fall of over 4,000 points, triggering panic among traders. Within a single trading session, the market consecutively breached four key psychological levels: 120,000, 119,000, 118,000, and 117,000 points. By the close of the day, the benchmark KSE-100 Index had plummeted by 3,855 points, settling at 116,167 points.
The intensifying geopolitical crisis, particularly the recent U.S. attack on Iranian nuclear facilities, has deeply unsettled investors. Market participants voiced grave concerns about the potential closure of the Strait of Hormuz and a subsequent surge in global oil prices, which could have severe economic implications for Pakistan. Investor sentiment remains fragile as fears of regional instability continue to grow.
