Pakistan, June 14 -- The Pakistan Stock Exchange (PSX) saw a massive sell-off on Friday as rising tensions between Iran and Israel rattled investors. The KSE-100 index dropped by 1,949.55 points or 1.57%, closing at 122,143.57. The market opened in the red and quickly extended losses due to geopolitical uncertainty.
The fall came after Israeli strikes hit Iranian military and nuclear sites, causing major human and material losses. In response, Iran vowed strong retaliation, sparking fears of broader regional conflict. These developments created panic in regional and global markets, impacting sentiment at the PSX.
Blue-chip stocks across fertiliser, banking, cement, technology, and energy sectors faced the worst pressure. Major losers in...
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