Pakistan Stock Exchange Plunges Over 6,500 Points as US-Iran Conflict Rattles Global Markets
The benchmark KSE-100 Index opened in negative territory and extended its losses during the trading session. At one stage, the index plunged 6,535 points, falling to 173,391 points, representing a decline of approximately 3.6 percent.
The sharp downturn follows growing geopolitical uncertainty in the Middle East, with investors reacting to the escalating conflict between Washington and Tehran and concerns over its potential impact on regional and global economies.
Meanwhile, global oil prices also surged as fears of supply disruptions intensified. Brent crude climbed to $86.90 per barrel, reflecting heightened concerns over the security of energy supplies and shipping routes in the Gulf region.
Market analysts said continued geopolitical tensions could increase volatility in financial markets, while higher oil prices may place additional pressure on energy-importing economies, including Pakistan.