PSX Loses Over 1,000 Points During Live Trade After Pakistan Conducts Strikes in Iran [Updated]

Bears ran riot at the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index initially losing over 1,900 points in intraday trade after Pakistan earlier today struck terrorist hideouts in Iran’s Siestan-o-Baluchistan province. The benchmark KSE-100 index appeared bearish from the opening bell and immediately dropped into the red zone, losing 1,038 points around 10 AM after trading resumed on Thursday. At 10:40 AM, it clocked in at 63,015, down by 0.87 percent or 552 points. It settled at 63,202, down 0.57 percent or 364 points. The highest participation was witnessed in K-Electric Limited (PSX: KEL) with over 59 million shares traded, followed by Pakistan International Airlines Corp (PSX: PIAA) and Worldcall Telecom Limited (PSX: WTL). The scrips had 40.4 million shares and 35.3 million shares traded, respectively.