The Pakistan Stock Exchange (PSX) plunged into chaos on Monday as intensifying tensions between Iran, the U.S., and Israel triggered panic-driven selling. The benchmark KSE-100 Index nosedived by 3,855 points, closing at 116,167 — a staggering 3.21% drop in a single day.
Traders watched in shock as the market lost over 4,000 points during intraday trading, wiping out four key psychological levels — 120,000 to 117,000 — in rapid succession. The sharp fall reflects widespread fear over the widening Middle East crisis.
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Investor anxiety surged following reports of a U.S. strike on Iranian nuclear sites. With talk of Iran potentially blocking the Strait of Hormuz, fears of soaring global oil prices and economic aftershocks gripped the market.
The geopolitical unrest has rattled already fragile investor sentiment in Pakistan, raising alarms over economic stability and energy security. Experts warn that continued volatility in the region could further destabilize local markets.
