Indian Clarity

Light. Truth. Clarity.

Loading ad...
Markets

Pakistan stock market crashes nearly 10%, sparking trading halt: Is US-Iran war behind the worst fall in history?

Pakistan stock market crash: The Pakistan stock market's key gauge, KSE-30 Index, plunged as much as 9.6% at the open on Monday, March 2, sparking a 45-minute trading halt as the tensions in the Middle East spiked following the US and Israel’s strikes on Iran. Moreover, tensions with Afghanistan have also escalated, further pressuring the country's stock market. The KSE-30 index lost almost 5000 points or 9.6% to hit the day's low of 46,351.64 in intraday deals today.

Pakistan stock market crashes nearly 10%, sparking trading halt: Is US-Iran war behind the worst fall in history?

Credit: Livemint

Key Highlights

  • According to a Reuters report, this is the worst fall on record for Pakistan's stock market.
  • The KSE-30 index was last trading 9.25% lower as trading resumed.
  • Despite today's losses, the Pakistan stock market remained 32% higher for the year.
  • The decline coincided with steep losses in global equities, though the magnitude of the fall in India’s neighbouring country was among the sharpest.
  • Asian shares dropped 1.3%, while US equity-index futures fell 0.6%, trimming earlier losses.
Loading ad...

Sources

  1. Pakistan stock market crashes nearly 10%, sparking trading halt: Is US-Iran war behind the worst fall in history?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...