PSX falls as KSE-100 drops over 1,500 points

The Pakistan Stock Exchange (PSX) started the week with losses as rising geopolitical tensions affected investor confidence. The benchmark KSE-100 Index fell by more than 1,500 points.

At the end of trading, the index closed at 168,953.70, showing a decline of 1,525.24 points (0.89%).

Selling pressure was seen across major sectors including automobile, cement, banking, oil and gas exploration, oil marketing companies, power generation, and refineries. Key stocks such as MARI, OGDC, PPL, and UBL also ended the day in negative territory.

The decline comes after a tough previous week, when tensions between the United States and Iran continued to impact market performance. Overall, the KSE-100 Index fell around 2% week-on-week, losing 3,483.87 points.

Investor concerns over regional instability and rising global oil prices led to cautious trading in the market.

In the global market, oil prices also increased sharply on Monday due to renewed geopolitical tensions. Brent crude rose by $4.42 (4.47%) to $97.15 per barrel, while U.S. West Texas Intermediate (WTI) increased by $4.07 (4.50%) to $94.61 per barrel in early trade.