Pakistan stocks plunge as KSE-100 sheds nearly 3,800 points

KARACHI: Pakistan’s stock market fell sharply on Thursday, with the benchmark KSE-100 Index losing 3,796.43 points amid renewed selling pressure.

The index was trading at 151,715.13 points during early session, with the market slipping below multiple key psychological levels shortly after the opening bell.

The decline comes a day after global equities rallied following comments by U.S. President Donald Trump about withdrawing from a potential conflict with Iran, which had lifted investor sentiment worldwide.

On Wednesday, U.S. stocks surged, with the Dow Jones Industrial Average closing 2.49 per cent higher. Asian markets also posted strong gains, with Japan’s Nikkei 225 jumping around 9 per cent, while Hong Kong’s Hang Seng Index and India’s Nifty 50 advanced alongside European equities.

Despite the global momentum in the previous session, Pakistan’s market reversed course on Thursday, reflecting volatility and cautious investor sentiment.