Rising border tensions between Pakistan and Afghanistan have severely dented investor confidence at the Pakistan Stock Exchange (PSX), causing the benchmark KSE-100 Index to drop by nearly 3,000 points at the start of trading on Monday.
At 9:35 a.m., the benchmark index stood at 160,126.08 points, down by 2,972.11 points or 1.82%.
Heavy selling pressure was witnessed across multiple key sectors, including automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies, refineries, and power generation. Major index-heavy stocks such as HUBCO, Mari Petroleum, OGDC, PPL, POL, HBL, and UBL were all trading in the negative zone.
