The Pakistan Stock Exchange (PSX) witnessed a major decline on Thursday. The market dropped sharply amid rising global oil prices and ongoing geopolitical tensions.
During intraday trading, the benchmark KSE-100 index fell significantly. It lost 4,346.91 points, briefly crossing the key level of 4,000 points decline in a single session. The index reached 161,476.96 points.
This sharp fall reflects a negative change of 2.62 percent from the previous close. The earlier closing level stood at 165,823.87 points, showing strong selling pressure in the market.
Analysts said investor confidence weakened due to global uncertainty. Rising oil prices and regional tensions created fear of higher inflation in Pakistan.
Market experts noted that the 4,000 points drop was driven by concerns over increased production and transport costs. These factors are expected to reduce corporate profit margins.
Trading activity also slowed down during the session. Investors remained cautious and avoided high-risk positions due to unstable global conditions.
The decline came after international crude oil prices surged sharply. This was linked to escalating tensions in the Middle East.
Following recent geopolitical developments, oil markets reacted strongly. Brent crude climbed to a multi-year high, increasing more than 8 percent to $124 per barrel.
US crude also recorded a notable rise. It increased by 7 percent and reached $108 per barrel.
The combination of rising fuel costs and global uncertainty weighed heavily on equities. As a result, the PSX experienced another 4,000 points level drop in market performance.
Financial analysts believe continued volatility in oil markets could keep pressure on the stock exchange. They warn that inflation concerns may further affect investor sentiment.
Despite short-term fluctuations, experts say long-term recovery depends on global stability. Market direction will likely remain sensitive to international developments.
Overall, the sharp fall of over 4,000 points highlights growing economic concerns and cautious investor behavior in Pakistan’s equity market.
In other news read more about: PSX Drops Sharply as KSE-100 Index Plunges Over 6,600 Points
