KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Monday, forcing a temporary halt in trading as panic rippled across regional markets.
The benchmark KSE-100 index shed 9,780 points in early trade, sinking to 147,715. During the session, the index touched an intra-day low of 147,710, while briefly recovering to a high of 150,174 before trading was suspended.
The sell-off comes on the heels of a steep decline across Asian markets, compounded by a surge in global oil prices and a strengthening US dollar, which have rattled investor sentiment.
At the close of last week, the KSE-100 had stood at 157,496 points, underscoring the scale of Monday’s losses.
Market watchers say the halt was triggered by volatility safeguards, though officials have yet to issue a formal statement. Traders and analysts are closely monitoring whether the downturn will stabilize or deepen further as global pressures continue to weigh on equities.
This is a developing story and will be updated as more information becomes available.
