PSX tumbles over 16,000 points

KARACHI:

Middle East tensions took a heavy toll on the Pakistan Stock Exchange (PSX) on Monday as panic selling sparked a "bloodbath" and pulled the KSE-100 index down by over 16,000 points – the largest single-day fall in the bourse's history.

Panic gripped the market from the opening bell, fuelling relentless stock offloading across major sectors. There was heightened investor anxiety amid ongoing geopolitical uncertainty in the wake of US-Israel and Iran war.

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