Pakistan Stock Exchange Falls 1,297 Points Amid Market Sell-Off

The Pakistan Stock Exchange (PSX) experienced a significant decline on July 9, 2026, with its benchmark index falling by 1,297 points. This drop occurred amidst a broader market sell-off.

The Pakistan Stock Exchange (PSX) has experienced a sharp decline, with the benchmark index dropping by 1,297 points.

Global oil prices have jumped and energy markets are on high alert following the US-Iran conflict. Reports suggest that US attacks are expected to make oil expensive again. In Pakistan, Jamat-e-Islami has called for a strike against price hikes, with concerns raised about petrol potentially reaching 200 rupees per liter.

Global oil prices increased on Thursday, July 9, 2026, following renewed US military action against Iran. Brent crude rose to $78.90 per barrel, while US West Texas Intermediate (WTI) crude reached $74.35 per barrel.

US Central Command (CENTCOM) confirmed that its forces conducted additional strikes against Iranian military targets on July 8, further degrading Iran's ability to attack commercial shipping in the Strait of Hormuz. These strikes targeted approximately 90 Iranian military assets, including air defense systems, coastal surveillance, missile and drone sites, naval capabilities, and logistics infrastructure along Iran’s coastline.

This action followed earlier strikes on July 7, where CENTCOM forces hit approximately 80 Iranian military targets, including more than 60 Islamic Revolutionary Guard Corps small boats. These operations were in response to Iran allegedly violating a ceasefire by attacking three commercial vessels navigating the Strait of Hormuz.

Amid rising oil prices linked to Iran-US tensions, an announcement regarding new petrol prices is expected at 01 AM on July 9, 2026.

Pakistan News will update this story as more confirmed details become available.

The ongoing US-Iran conflict has led to another increase in oil prices. This development contributes to the geopolitical uncertainty that has been impacting the Pakistan Stock Exchange (PSX).

Pakistan News will update this story as more confirmed details become available.

The Pakistan Stock Exchange (PSX) experienced a significant downturn on Wednesday, July 8, 2026, with the benchmark KSE-100 Index plunging by 6,463.38 points, or 3.47%, to 179,792.17 points during intraday trading.

This sharp decline was attributed to escalating geopolitical tensions following US military strikes on Iran and fresh sanctions targeting Iranian crude exports. Market sentiment further deteriorated after US President Donald Trump declared that the Memorandum of Understanding (MoU) aimed at ending the conflict with Iran was "over" and stated he had no intention of engaging with Tehran.

Global oil prices surged by more than 5% on Wednesday, reaching a two-week high, with Brent crude futures climbing to $77.98 per barrel and US West Texas Intermediate (WTI) crude gaining to $74.14 per barrel. This surge followed the US revocation of a general license that had permitted the sale of Iranian crude oil. Iran's Revolutionary Guards claimed responsibility for strikes targeting US military facilities in Bahrain and Kuwait early Wednesday.

Heavy selling was observed across major sectors on the PSX, including automobile assemblers, cement manufacturers, commercial banks, fertiliser companies, oil marketing firms, and power producers. Global markets were also rattled by these developments. Pakistan News will update this story as more confirmed details become available.

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index experienced a significant decline on Wednesday, July 8, 2026, plunging by 2,939.51 points, or 1.58 per cent, to stand at 183,316.04 points by 1:34pm. This marks a substantial drop from its previous close of 186,255.55 points.

The market had previously snapped a five-day bullish streak on Tuesday, falling by over 1,100 points. This reversal followed a period of economic optimism, driven by falling energy prices and anticipated interest rate cuts, which had propelled the KSE-100 index above 187,000 points on Monday, leading analysts to believe it might surpass its all-time high of 189,167 set in January.

According to Topline Securities Ltd, Tuesday's decline was attributed to selling pressure across key sectors during the latter half of the session. Investor sentiment remained cautious amid weakness in regional equity markets, prompting participants to engage in profit-taking after the KSE-100's strong upward run in recent sessions.