Pakistan Stock Exchange Tumbles Amid Rising Tensions

Karachi: The Pakistan Stock Exchange (PSX) faced significant volatility on Thursday as geopolitical tensions weighed heavily on investor sentiment.

The benchmark KSE-100 index plunged by 6,948 points, falling to 103,060 during early trading hours. The session had started on a positive note, with the index climbing by 1,800 points to reach 111,881. However, the gains were short-lived, and the market quickly reversed course.

Trading was temporarily halted as panic selling intensified, reflecting the market’s sensitivity to the escalating conflict.

This sharp decline followed Wednesday’s turbulent session, when the PSX shed 6,000 points amid heightened concerns after reports of India’s attack on Pakistani territory late on May 6. The KSE-100 index had dipped to 107,007 points in the early hours of Wednesday’s trade, triggering widespread selling.

Despite the downturn, some recovery was seen later in the day as the index rebounded to 112,457, ultimately closing at 110,009 points—a net loss of 1,100 points.