Selling commenced immediately after the market opened, with the benchmark index dropping 1,849.37 points by 9:39 am.
KARACHI:
What started as early selling rapidly escalated into a broad market sell‑off on Monday, as investors off‑loaded shares amid renewed military tensions between the United States and Iran.
The KSE‑100 index remained under severe pressure throughout the session, losing more than 1,700 points amid fears that the conflict could disrupt global energy supplies and push oil prices higher. Trading was still active at the time of this report.
By 11:29 am the index had recovered to 180,412.64 points, still down 1,829.13 points (1.00%). At 1:09 pm it stood at 180,513.45, down 1,728.32 points (0.95%), and the latest reading placed the KSE‑100 at 180,540.96, 1,700.81 points lower (0.93%).
During the session the market touched an intraday high of 180,744.71 and a low of 179,448.52, with 249.31 million shares traded in transactions worth Rs15.56 billion.
The sharp decline followed a more than 3 % jump in oil prices on Monday after renewed U.S.‑Iran military strikes reignited concerns over crude supplies passing through the Strait of Hormuz, a critical conduit for global oil shipments.
The surge in oil prices and mounting geopolitical uncertainty dampened investor sentiment, prompting broad‑based selling across the market.
