The Pakistan Stock Exchange (PSX) faced unprecedented turmoil on March 2, 2026, with the KSE-100 index plummeting by 16,089.17 points, or 9.57%, marking the steepest single-day decline in its history. This panic was triggered by escalating geopolitical tensions, particularly Israel's pre-emptive strikes against Iranian targets, which raised fears of broader conflict affecting global oil prices and trade. The market was forced into a trading halt shortly after opening, reflecting extreme volatility and investor anxiety, particularly among the 38,000 new retail investors who had entered the market since January.
BUSINESS
Pakistan Stock Exchange Plummets 16,000 Points Amid Geopolitical Crisis
87% NEGATIVE
The PSX experienced its largest single-day decline on March 2, 2026, with the KSE-100 index dropping 9.57%. Panic selling was exacerbated by geopolitical tensions in the Middle East, impacting new retail investors who faced significant losses during this market turmoil.
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