The Pakistan Stock Exchange (PSX) suffered a steep crash on Wednesday, shedding nearly 7,000 points as tensions with India surged following reported Indian drone strikes inside Pakistani territory.
The benchmark KSE-100 Index dropped by 6,948 points to 103,060, falling sharply from its previous close of 110,009. At one point, the index touched a low of 103,055.17, with trading volume exceeding 147 million shares.
Read more: Geopolitical Tensions Drag PSX Down Nearly 900 Points
Investor panic led to a wave of selloffs, driven by fears of escalating military conflict and its potential economic consequences. Despite having gained 41.95% over the past year, the index’s year-to-date performance slumped to -10.48%, highlighting growing uncertainty amid regional instability.
Analysts say the sharp drop mirrors deepening investor concerns after Pakistan’s military reported casualties from an Indian drone strike. With border tensions at a peak not seen in years, the economic outlook remains highly uncertain.
No official interventions have been announced so far to stabilize the market, while experts urge caution and warn that further volatility may lie ahead if hostilities continue.
