Save Our Pak
Karachi: After the recent attacks on Iran by the United States and Israel, the Pakistan Stock Market faced a major crash. The KSE-100 index dropped by nearly 16,000 points, forcing officials to temporarily stop trading.
The rising tensions in the Middle East created serious fear among investors. As soon as the market opened on Monday morning, heavy selling pressure was seen across different sectors. Within minutes, the KSE-100 index recorded one of the biggest single-day drops in its history.
Right after trading began, the index fell by 15,121 points and came down to 152,940 points. The sudden fall of more than 9 percent crossed the “market halt” limit, which led the Pakistan Stock Exchange (PSX) management to immediately suspend trading for a short time.
When trading resumed later in the day, the index continued to decline. By the end of the session, the KSE-100 index closed at 151,774 points after falling by 16,089 points overall. The market recorded a total decline of 9.29 percent.
Experts say the main reason behind this sharp fall is the growing geopolitical tension in the Middle East. After the attacks on Iran, global oil prices increased, and fears of a wider regional conflict began spreading.
Because of these concerns, many local investors started panic selling, which made the situation worse. The possibility of supply chain disruptions in the Gulf region and a sharp rise in petroleum prices has badly shaken investor confidence.
Economic analysts believe that until the regional situation becomes clear, the stock market may remain under pressure.
Reported by Save Our Pak
