KARACHI – The Pakistan Stock Exchange (PSX) saw a massive crash on Monday, as the KSE-100 index dropped by over 8,000 points — marking one of the worst single-day falls in history.
The market was hit hard due to rising global trade tensions, especially after a fresh wave of tariffs led by the United States under President Donald Trump. These tensions have raised fears of a global economic slowdown and triggered sell-offs across Asian and Gulf markets.
At one point, trading at PSX was halted when the benchmark index dropped by 6,287 points — a 5.29% decline — falling to 112,504 points. When trading resumed, the decline continued, with the index plummeting further to 110,362 points, down 8,429 points overall.
Analysts say the ongoing trade war between major economies like the US, China, and Canada is behind the sudden downturn. On Friday, the market had already shown signs of weakness, closing 146 points lower at 118,791.
During Monday’s session, over 553 million shares were traded with a total value of Rs35.49 billion. Out of 457 companies, 151 recorded gains, 258 faced losses, and 48 remained unchanged.