Karachi, Pakistan – Web Desk: Pakistan’s stock market suffered a steep decline on Monday, with the benchmark KSE-100 Index plunging by more than 6,600 points amid escalating tensions between the United States and Iran.
The index closed at 160,591 points, down from the previous session’s 167,191, reflecting intense selling pressure as investors reacted to reports of a potential U.S. blockade targeting Iranian ports and rising geopolitical uncertainty.
Market analysts said the sharp drop underscores investor concerns following stalled negotiations between Washington and Tehran, which have heightened fears of further instability in the Middle East and disruptions to global energy supply routes.
The sell-off in Pakistan mirrored a broader regional trend, with major Asian markets also posting losses. South Korea’s KOSPI declined by over 2%, Japan’s Nikkei slipped around 1%, while Hong Kong’s Hang Seng Index dropped more than 1%. China’s Shanghai Composite Index also edged lower.
Experts warn that continued geopolitical tensions could keep financial markets volatile, with investor sentiment likely to remain cautious in the short term.
