Panic Selling PSX Crash: Market Drops 15,000 Points Amid Rising Global Tensions
The Panic Selling PSX Crash rattled investors as the market lost over 15,000 points in one session. The Pakistan market opened deep in the red. Fear quickly spread across trading floors. The benchmark KSE-100 index fell sharply during early hours. It touched 155,913 points at one stage. Later, it dropped to 152,717 points, marking a steep decline.
Investors reacted to rising global tensions after the US-Iran conflict escalated. As a result, markets worldwide faced heavy selling pressure.
Global Tensions Trigger Market Turmoil
Military strikes by the United States and Israel targeted Iran. In response, Iran launched missile attacks across the region. Therefore, uncertainty increased across global markets.
The situation worsened after reports confirmed the death of Ayatollah Ali Khamenei and senior officials. Consequently, risk sentiment turned negative. Meanwhile, the vital Strait of Hormuz faced disruptions. This route handles about 20% of global seaborne oil. As a result, supply fears grew rapidly.
Oil Prices Surge, Markets React
Oil prices spiked sharply at the start of business. Brent jumped nearly 14%, while West Texas Intermediate rose almost 12%. However, analysts believe oil below $80 may calm nerves soon. AAH Soomro urged investors to watch oil closely. He suggested markets may stabilize within days. Still, volatility remains high. In addition, markets in the UAE and Kuwait temporarily closed. European futures also slipped. On Wall Street, futures for the S&P 500 and Nasdaq moved lower.
Trading Halt and Investor Outlook
Authorities halted trading for 45 minutes during peak selling. Officials resumed activity once volatility eased slightly. However, fear-driven selling continued afterward.
Topline Securities CEO Mohammed Sohail linked the fall to leveraged positions and regional exposure. Investors rushed to reduce risk. Therefore, prices fell further.
On Friday, the market had already slipped modestly. That decline now seems minor compared to Monday’s fall. The coming days remain crucial for the Pakistan market. Stability in oil and easing tensions could restore confidence. Until then, investors may stay cautious and watch global developments closely.
