The Pakistan Stock Exchange (PSX) benchmark index, the KSE-100, suffered a massive sell-off, dropping 6,400 points to hover around 179,792.
The sharp decline followed the launch of US military airstrikes against Iran, which triggered immediate selling pressure across emerging markets.
This move extends a severe downturn that began earlier in the week, when the index had already fallen 2,500 points to approximately 183,758.
This move extends a severe downturn that began earlier in the week, when the index had already fallen 2,500 points to approximately 183,758.
The selling pressure at the PSX reflects broader global risk aversion.
European stock markets opened in negative territory on Monday, with major indices including the Stoxx 600, FTSE 100, and DAX all trading lower. The decline underscores growing pessimism among investors regarding a swift resolution to the escalating conflict in the Middle East.
Traders are closely monitoring the situation for any signs of de-escalation or further military action.
The ongoing tensions have heightened uncertainty for global supply chains and energy markets, with oil prices likely to remain volatile.