PSX witnesses major sell-off as KSE-100 drops 2,400 points

The Pakistan Stock Exchange (PSX) witnessed a major sell-off during Thursday's session, with the benchmark KSE-100 index plunging by over 2,400 points to close at above 169,170 points. The KSE100 closed at 169,173 points, registering a decline of 2,405 points (-1.40% DoD), as selling pressure dominated throughout the session. Early stability proved short-lived, with the market drifting lower as sentiment weakened amid persistent external uncertainties. Activity remained moderate, with KSE-100 volumes recorded at 310 million shares, where YOUW led with 58m shares traded, followed by CNERGY (48m) and KEL (36m). The downturn was largely driven by renewed concerns over rising global oil prices and escalating geopolitical tensions between Iran and the United States. Read More: Governance gap costs billions With Brent crude hovering in the $102–104 per barrel range and no clarity on pote...