The Pakistan Stock Exchange suffered a massive drop on Monday morning as tensions in the Middle East rose and oil prices surged, panicking investors.
The Pakistan Stock Exchange crashed today as trading opened with a massive drop of 2,115 points. Financial analysts stated that mutual military attacks between Iran and the United States caused panic among investors.
According to market trackers, the KSE 100 Index quickly lost the important 182,000 and 181,000 point levels immediately after the opening bell.
Traders noted that the situation in the Middle East and rising global oil prices weighed heavily on market sentiment. Market reports indicated that the index fell further during the day, losing over 2,700 points at its lowest level.
According to data from the exchange, the KSE 100 Index eventually hovered at 180,330 points. IT marked a total session decline of 1,911 points.
Global Conflict Hits Investor Sentiment
Brokers reported that the conflict triggered global market fears, which directly impacted local buying.
Financial experts stated that the sudden jumps in international crude oil prices raised severe inflation worries for Pakistan’s economy. According to market analysts investors chose to sell their shares early to avoid higher risks.
