The Pakistan Stock Exchange (PSX) plummeted on Monday amid uncertain geopolitical situation in the region with the benchmark KSE-100 Index losing over 11,000 points.
At close, the benchmark KSE-100 settled at 146,480.14, a decline of 11,015.96, or 6.99%.
The trading was suspended following a 6% drop. Broad-based selling pressure was witnessed across major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries. Index-heavy stocks such as MCB, MEBL, NBP, MARI, OGDC, PPL, PSO, SNGPL, SSGC, and HUBCO all traded in negative territory.
Last week, Pakistan’s stock market extended its sharp decline as rising geopolitical tensions, domestic security concerns, and macroeconomic uncertainty continued to dampen investor sentiment.
The benchmark KSE-100 Index fell by 10,566.08 points, or 6.3% week-on-week, closing at 157,496.09 points, compared with 168,062.17 points in the previous week.
Meanwhile, oil prices surged more than 25% on Monday, reaching their highest levels since mid-2022. The spike followed supply cuts by some major producers and growing fears of prolonged shipping disruptions linked to the escalating US–Israeli conflict with Iran.
Energy markets remain particularly anxious as the crisis is unfolding near the Strait of Hormuz, a critical chokepoint through which roughly one-fifth of the world’s oil supply normally flows.
