Pakistan’s stock market suffered a sharp sell-off on Tuesday after losing 6,402 points, or 3.56 percent, to close at 173,519, after the US ended its truce with Iran.
Topline Securities said investor sentiment weakened amid reports of renewed US military action, including airstrikes and the reimposition of a naval blockade, followed by Iran’s reported attacks on additional oil tankers transiting the Strait of Hormuz.
The latest escalation heightened fears of broader regional instability, potential disruptions to global oil supplies, and rising geopolitical risks, prompting widespread selling across sectors at the Pakistan Stock Exchange (PSX).
Among individual stocks, United Bank Limited (UBL), Engro Holdings, Fauji Fertilizer Company (FFC), Lucky Cement, and Meezan Bank exerted the biggest downward pressure on the benchmark index, collectively erasing 2,057 points.
Despite the market rout, trading activity remained strong. OGDC led the market in traded value at Rs. 2.73 billion, followed by Maple Leaf Cement (Rs. 2.57 billion), Pakistan Petroleum Limited (Rs. 1.65 billion), DG Khan Cement (Rs. 1.60 billion), and FFC (Rs. 1.41 billion).
Overall, investors traded 913 million shares worth Rs. 45.6 billion, reflecting robust market participation despite the broad-based decline.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
