A market halt has been put in place for all market participants at the Pakistan Stock Exchange, according to a notice released by the exchange.
This comes as the benchmark index, KSE-100, crashed by over 15,000 points early on Monday.
The index dropped 152,991.15 from its previous close of 168,062.16 points, marking a fall of 8.97 per cent.
This comes as regional 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.
More to follow
