Pakistan Stock Exchange Volatility Amid Operation Ghazab Lil-Haq Tensions

On February 27, 2026, the Pakistan Stock Exchange (PSX) faced significant volatility, with the benchmark KSE-100 index closing down 830.92 points at 168,062.16, after initially plunging over 1,000 points in the morning session. The index saw a low of 165,811.87 before recovering slightly by midday. This downturn was exacerbated by escalating tensions following the launch of Operation Ghazab lil-Haq against the Afghan Taliban due to cross-border firing. Trading activity remained robust, with volumes recorded at 222,442,620 shares valued at Rs18,971,818,996, although major sectors like commercial banks and oil and gas continued to face selling pressure. Unity Foods Limited led trading volumes but fell 9.96% to Rs10.67, while Gulistan Spinning Mills Limited emerged as a top advancer, climbing 19.42% to Rs6.15, according to Dawn.