Trading was temporarily suspended at Pakistan Stock Exchange (PSX) on Monday following the stock market crashed as the benchmark KSE-100 Index dropped 6287.22 points to 112,504.44 points against 118,791.66 points on previous session.
Soon after the stock market opened on the first trading day of the week, the bears started rampaging due to the US President Donald Trump’s tariff policy, which has shaken the stock market across the world.
Afternoon, the trading at PSX was temporarily suspended for 45 minutes.
Widespread selling pressure was noted across major sectors, including cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), refineries, and power generation. Key stocks that heavily influence the index, such as HUBCO, ARL, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, and HBL, all traded in negative territory.
Last week, the PSX began with a notable surge, reaching a high of 120,793 points after an increase of over 1,800 points, though by the end of that trading day, the market experienced an abrupt decline, closing down 146 points at 118,791.
The impact of President Trump’s aggressive policies has extended beyond US borders, leading to declines in international markets.
Other Asian markets have also been affected, with Japan’s Nikkei 225 Index dropping over 6%.
Other major declines include Hong Kong’s Hang Seng Index at 10.8%, China’s Shanghai Index at 6.3%, Korea’s KOSPI at 4.6%, and India’s BSE Sensex at 4.1%.
