The Pakistan Stock Exchange (PSX) experienced an unprecedented crash on March 2, 2026, with the KSE-100 index plummeting by over 16,000 points, marking the largest single-day decline in the country's history. The index fell by 16,089 points or 9.57%, closing at 151,972 points. Trading was halted after the index dropped more than 5%, reflecting widespread panic among investors due to escalating geopolitical tensions following a joint military strike by the United States and Israel against Iran. CEO of Topline Securities, Mohammed Sohail, highlighted that high leverage and overbought conditions triggered panic selling, indicating the market's vulnerability after a bullish run. The session saw 479.7 million shares exchanged, with only 21 companies recording gains while 413 suffered losses, underscoring the negative sentiment.
BUSINESS
Pakistan Stock Exchange Crashes Over 16,000 Points Amid Geopolitical Tensions
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On March 2, 2026, the Pakistan Stock Exchange (PSX) faced a historic crash, with the KSE-100 index dropping over 16,000 points amid geopolitical tensions from a US-Israel strike on Iran. While the market briefly recovered, concerns about long-term stability and rising oil prices persist.
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