Pakistan’s benchmark index, KSE-100, crashed by over 12,000 points by 10:28am on Monday.
The index fell 12,334.88 points from its previous close of 168,062.16 points, marking a fall of 7.34 per cent.
This comes as reigonal geopolitical tensions spiked over the weekend as the United States and Israel on Saturday launched what they described as a “pre-emptive” joint strike against Iran, with President Trump announcing the start of “major combat operations”.
The tensions have caused Brent crude to jump 10 per cent to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100.
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