Pakistan stock market – (Web Desk) – Pakistan’s stock market took a sharp hit on Friday as the KSE-100 index today live showed a steep fall of over 1,600 points in early trading. The renewed conflict between the US and Iran rattled investor confidence and triggered a wave of selling across key sectors.
By the Friday prayers break, the benchmark index had dropped 1,166 points — sliding to 171,728 points. Sectors hit hardest included banks, cement, oil and gas, fertiliser, automobiles, and power companies. Major stocks like OGDC, PPL, MCB, UBL, MARI, and FFC all traded in the red.
Just a day earlier, the mood was very different. On Thursday, the PSX closed on a positive note, gaining 1,189 points to settle at 172,894 points. Investors had been buying on improved market sentiment, though late profit-taking trimmed some of those gains.
The sell-off on Friday was also driven by global market pressure. Oil prices climbed 1.3%, with Brent crude rising to $101.60 per barrel. European stock futures dropped 0.7%, while Asian markets also turned cautious. Hong Kong’s Hang Seng fell 1.09%, South Korea’s KOSPI dropped 0.72%, Japan’s Nikkei slipped 0.58%, and China’s Shanghai Composite declined 0.43%.
Despite the turbulence, chipmaker stocks across Asia continued to benefit from strong AI demand, keeping weekly gains intact for many regional markets.
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