KARACHI — Pakistan — The Pakistan Stock Exchange (PSX) saw a steep plunge of 3,668 points on Tuesday, wiping out investor gains and triggering broad-based sell‑offs amid rising security concerns and political uncertainty.
The benchmark KSE‑100 index closed at 157,870.50, down 2.27 per cent as market participants responded to recent deadly attacks in Islamabad, regional geopolitical anxiety and the controversial passage of the 27th Constitutional Amendment. The downturn highlighted how swiftly external turmoil can send ripples through Pakistan’s fragile economic landscape.
Key sectors such as banking, oil & gas and cement were heavily hit, with major stocks including Engro Corporation, Oil & Gas Development Company Limited and The Hub Power Company leading the losses. Analysts said investor sentiment has shifted sharply from Friday’s rally to cautious retreat, as uncertainty erodes the appetite for risk.
With trading volumes hovering at historic levels and foreign investors turning net sellers, the tone on the market floor turned decidedly sombre. Many said the outlook will remain volatile unless political clarity returns and security stabilises.
This story has been reported by PakTribune. All rights reserved.