Trading began on a gloomy note, and within moments the market slipped into a deep slide. The KSE-100 Index fell by 9,453 points, landing at 148,042, as investors rushed to pull back their money amid rising global uncertainty.
As selling pressure intensified, the index’s total decline widened to 12,343 points, forcing the exchange to temporarily halt trading a safety measure used when markets fall too quickly.
The downturn did not spare other indicators either. The KSE-30 Index tumbled by 3,133 points to 45,196, marking a 6.93% decline, which triggered a one hour suspension of trading.
When the market reopened, the mood remained uneasy. The KSE-100 Index slid further, falling by 11,725 points to 145,770, and later touched 145,152, pushing the overall decline to nearly 7.84%.
Market analysts say the plunge is closely tied to rising tensions in the Middle East, particularly fears surrounding a potential confrontation between the United States and Iran.
The conflict has sent global oil prices climbing, creating fresh worries for economies already walking a tightrope. When uncertainty rises, investors often look for ‘safe havens’ assets that feel steadier in turbulent times. As a result, many traders have stepped back from equities, choosing caution over risk.
Adding to the uneasy mood are concerns about Pakistan’s upcoming monetary policy. Some investors fear a possible increase in interest rates, which can make borrowing more expensive and reduce the appeal of stock investments.
Financial experts describe the situation as a ‘perfect storm’ a mix of global tension, rising oil prices, and local policy worries. For now, investors are keeping a watchful eye on global developments, knowing that in today’s connected world, a spark in one region can quickly send ripples through markets thousands of miles away.
As one analyst put it, ‘Markets dislike uncertainty more than bad news. And right now, uncertainty is everywhere.’
