Dawn
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15:11 Jun 19, 2026
The Pakistan Stock Exchange (PSX) benchmark KSE-100 index tumbled by over 2,400 points on Friday, breaking its four-day bullish spree. Falling oil prices following the signing of the ‘Islamabad MoU’ between the United States and Iran had fueled optimism, triggering buying interest across multiple sectors. As a result, the KSE-100 index had maintained its recovery for the fourth straight session on Thursday. On Friday, initial positive momentum pushed KSE-100 to an intraday high of 182,185.87 points at 10:14am. However, the market declined almost steadily after 10:30am until it regained some points later. The KSE-100 index declined by 2,858.75 points (1.58 per cent) to stand at 178,539.46 at 12:03pm. After hitting an intraday low of 177,836.16 at 2:34pm, it reversed some of its losses but closed at 178,922.75, down by 2,475.46 (1.36pc) from the previous close of 181,398.21. The downward trend followed the postponement of the planned US-Iran talks in Geneva, which were seen as a key step in the peace framework ...