Pakistan's Karachi Stock Exchange (KSE) index declined nearly 10% to a fresh record low on Monday, amid global turmoil triggered by escalating tensions in the Middle East after the air strike by the US and Israel against Iran over the weekend. The benchmark KSE-100 index declined more than 16,300 points, or 9.7%, marking its largest-ever single-day fall.
The KSE-100 index declined as much as 16,314.22 points to an intraday low of 151,747.95 on Monday from the previous close of 1,68,062.17. However, the key index pared some of the early losses to trade at 1,51,798.55, down 9.68% in the afternoon trade at around 2:15 p.m.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
'One Can Never Get Good News And Bad Share Price': S Naren, ICICI Pru Life AMC On NDTV Profit Ignite
The key losers included K-Electric Ltd., which declined 12.53%. Worldcall Telecom Ltd. dropped 13.18%, while shares of First National Equities Ltd. fell 20.13%.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
After the early crash, trading activities on the Pakistan Stock Exchange (PSX) were temporarily halted. The stock market fall was witnessed as the Middle East tensions and the country's ongoing military operations against Afghanistan dampened investor sentiment, according to The Dawn.
The KSE-30 index, which tracks the performance of the top 30 most liquid companies listed on the PSX, also declined by up to 9.9% to an intraday low of 46,248.41.
Following the assassination of Iran's Supreme Leader Ayatollah Ali Khamenei in a US and Israeli joint military operation this weekend, Pakistan has witnessed widespread protests across the country.
At least 20 civilians were reportedly killed, including 10 in Karachi, after protests erupted in multiple cities on Sunday. Protesters held demonstrations near United States diplomatic missions and dozens were wounded as protests turned violent in many cities, according to an Al Jazeera report.
Meanwhile, Prime Minister Shehbaz Sharif chaired a high-level meeting to review the security situation in view of the recent developments in Iran and the ongoing military action against Afghanistan. Sharif also postponed his planned visit to Russia amid the prevailing global tensions, according to a Dawn report.
ALSO READ: Pakistan Drone Enters Indian Side Along LoC In J-K's Poonch, Army Opens Fire
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
