Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

The road towards $4 trillion.. How did Nvidia achieve it for the first time in history?

July 9, 2025

Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

July 9, 2025

Nvidia’s Jensen Huang plans Beijing trip ahead of new China AI chip launch

July 9, 2025
Facebook X (Twitter) Instagram
Wednesday, July 9
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Bloodbath at PSX: KSE-100 tumbles nearly 6,500 points amid escalating tensions – Markets
Economist Intelligence

Bloodbath at PSX: KSE-100 tumbles nearly 6,500 points amid escalating tensions – Markets

adminBy adminMay 8, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 37


Selling pressure gripped the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index shedding nearly 6,500 points — the largest single-day decline in terms of points — amid rising geopolitical tensions.

The benchmark KSE-100 index plunged by 6,482.21 points, or 5.89%, to stand at 103,526.81.

Trading was earlier halted at the PSX for an hour after the benchmark index plummeted by nearly 7,000 points, triggering the suspension, only to drop another 1,400 points when trading resumed, hitting an intra-day low of 101,598.90.

“If tensions escalate further than selling pressure will persist until clarity is achieved,” Sana Tawfik, Head of Research at Arif Habib Limited, told Business Recorder.

Across-the-board selling was observed in key sectors including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including HUBCO, ARL, MARI, OGDC, POL, PSO, SSGC, NBP, and UBL, traded in red.

The decline comes amid an escalation of tensions between India and Pakistan.

At least one person died on Wednesday night after the Pakistan Army shot down an Indian drone following unprovoked airstrikes by New Delhi.

“India last night took yet another blatant military act of aggression against Pakistan by sending Herap drones at multiple locations,” Director General of Inter-Services Public Relations (DG ISPR) Lt Gen Ahmed Sharif Chaudhry said in his latest press conference on Thursday.

The heaviest fighting in more than two decades has erupted between the two nuclear-armed neighbours, with shelling and gunfire over the frontier in Kashmir and India striking targets inside Pakistan.

At least 31 Pakistanis were martyred and dozens were injured in Indian missile attacks inside Pakistan, DG ISPR said on Wednesday.

In retaliation, the Pakistan military brought down five Indian Air Force jets, including three Rafale, one MiG-21, and one SU-30, following Indian missile attacks.

On Wednesday, the PSX’s benchmark KSE-100 Index recovered a portion of its losses, but still settled with a loss of over 3,500 points at 110,009.02.

Internationally, shares in Asia firmed on Thursday after US President Donald Trump flagged a first trade deal in his global tariff war, while the dollar tried to hold overnight gains as markets pushed out the chance of near-term rate cuts.

S&P 500 futures erased earlier losses to be up 0.5% while Nasdaq futures rose 0.7%. The pan-European STOXX 600 index climbed 0.7% and FTSE futures gained 0.5%.

Trump said late on Wednesday that he would announce details about a major trade deal with an unspecified country at a press conference later in the day. The New York Times reported that the deal was with Britain.

The president’s comments came as investors anxiously await planned trade talks between Washington and Beijing on Saturday, which could mark the first step in resolving a potentially damaging trade war between the world’s top two economies.

Markets are also keeping their eyes peeled on the Bank of England’s policy meeting later in the day where expectations are for a quarter-point rate cut. Additionally, central banks in Sweden and Norway are due to deliver their latest policy decisions, although no moves are expected.

Overnight, in a widely expected decision, the Federal Reserve left policy rate in the 4.25%-4.5% range, but said the risks of higher inflation and unemployment had risen. Chair Jerome Powell said it isn’t clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

SBP to launch pilot for digital currency, says governor – Pakistan

July 9, 2025
Economist Intelligence

President Zardari gives assent to Virtual Assets Act, 2025 – Technology

July 9, 2025
Economist Intelligence

Notices issued to sugar mills for rehearing in cartelisation case – Markets

July 9, 2025
Economist Intelligence

Arif Habib consortium: Fatima Fertilizer says submited EOI for PIACL – Business & Finance

July 9, 2025
Economist Intelligence

Pakistan’s software services exports surge to over $1bn for first time – Technology

July 9, 2025
Economist Intelligence

Pakistan fashion label eyes acquiring Harrods-listed luxury fragrance brand – Business & Finance

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

SBP to launch pilot for digital currency, says governor – Pakistan

July 9, 2025

President Zardari gives assent to Virtual Assets Act, 2025 – Technology

July 9, 2025

Notices issued to sugar mills for rehearing in cartelisation case – Markets

July 9, 2025

Arif Habib consortium: Fatima Fertilizer says submited EOI for PIACL – Business & Finance

July 9, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • The road towards $4 trillion.. How did Nvidia achieve it for the first time in history?
  • Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
  • Nvidia’s Jensen Huang plans Beijing trip ahead of new China AI chip launch
  • Explainer | Steel, cars, copper: the growing list of US import tariffs by category, not country
  • Global copper market weighs impact of Donald Trump tariff threat

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

The road towards $4 trillion.. How did Nvidia achieve it for the first time in history?

July 9, 2025

Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

July 9, 2025

Nvidia’s Jensen Huang plans Beijing trip ahead of new China AI chip launch

July 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.