Dawn
-
11:27 Jul 08, 2026
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index tumbled by over 4,600 points on Wednesday as US President Donald Trump said the ceasefire with Iran was “over”. The KSE-100 index dropped by 4,626.19 points, or 2.48 per cent, to close at 181,629.36 points from the previous close of 186,255.55. The market saw a sharp decline after 1:30pm, reaching an intraday low of 179,504.34, down by 6,751.21 points compared to the previous close. The decline followed Trump’s statement that the Pakistan-mediated memorandum of understanding to end the war with Iran was “over”. Awais Ashraf, director of research at AKD Securities, noted that investor sentiment weakened following Trump’s comments, reigniting concerns over potential disruptions to oil supplies from the Middle East. He added that the market opened on a negative note amid heightened geopolitical uncertainty after US airstrikes on Iran in response to attacks on vessels transiting through the Strait of Hormuz. Iran then said it hit dozens of US military fa...