KSE-100 plunges over 4,000 points amid oil price surge

Pakistan’s benchmark KSE-100 Index plunged by more than 4,000 points in a sharp sell-off as rising global oil prices rattled investor confidence. The steep decline wiped out significant market gains during the trading session, pushing the market deep into negative territory.

Analysts said the surge in international oil prices triggered widespread selling across key sectors at the Pakistan Stock Exchange. Energy, banking and cement stocks were among the hardest hit as investors reacted to fears that higher fuel costs could increase inflationary pressure and widen Pakistan’s import bill.

Market experts warned that continued volatility in global energy markets and geopolitical tensions could keep investor sentiment fragile in the coming days, urging caution while the market adjusts to the changing economic outlook.