The Pakistan Stock Exchange (PSX) faced a steep downturn as rising tensions with India rattled investor confidence, leading to a sharp plunge in the benchmark KSE-100 index.
By 12:09 PM, the index had tumbled 2,515.99 points (2.19%) to 112,356.19, dropping from the previous close of 114,872.18. During the session, the index fluctuated between an intraday high of 114,066.12 and a low of 111,192.92, with over 111 million shares traded.
Also Read: Stock Market Plunges Over 2,600 Points as Investor Panic Hits PSX
Market analysts linked the sharp sell-off to concerns over a possible Indian military strike after Pakistan’s Information Minister Attaullah Tarar warned of a potential attack within 24 to 36 hours.
Although the KSE-100 index has posted a strong 58.02% gain over the past year, it has now dipped 2.41% year-to-date amid mounting political and regional uncertainties.
