The Pakistan Stock Exchange (PSX) on Friday extended its losses with the benchmark KSE-100 Index dropping over 1,600 points.
At close, the benchmark index settled at 150,398.71, a decline of 1,612.55 points or 1.06%%.
Selling pressure was evident across major sectors, including automobile assemblers, cement, commercial banks, and fertilizer. Heavyweight stocks such as LUCK, HBL, MCB, MEBL, NBP, ENGRO, and FFC all closed in negative territory.
On Thursday, the Pakistan Stock Exchange (PSX) faced renewed selling as unfavorable global signals sparked widespread liquidation. This led to a sharp decline in benchmark indices, wiping out much of the gains recorded in the previous session.
The KSE-100 Index settled at 152,011.26 points, marking a drop of 3,500.30 points, or 2.25%.
Meanwhile, oil prices surged to around $110 per barrel after U.S. President Donald Trump indicated that military actions against Iran would continue, raising concerns over prolonged supply disruptions.
Brent crude rose by $7.96, or 7.9%, to reach $109.12 per barrel at 1302 GMT. Similarly, U.S. West Texas Intermediate (WTI) crude increased by $12.48, or 12.5%, to $112.60 per barrel, its highest level since March 9 and its largest absolute price jump since 2020.
