Karachi witnessed a historic market meltdown today. Investors were left stunned as trading began.
The PSX crash started within minutes of opening. The KSE-100 index dropped by 14,700 points. As a result, the index fell to 153,361 points.
Selling pressure continued throughout the opening session. Both the KSE-100 and KSE-30 indexes plunged more than 10 percent. Panic quickly spread across the trading floor.
Because of the sharp fall, officials halted trading for one hour. The rules are clear. If the KSE-30 index falls 5 percent within five minutes, the market automatically stops.
Today’s PSX crash triggered that circuit breaker. Authorities suspended trading to control further losses and calm investors.
Analysts now question what caused this sudden downturn. Many fear that if uncertainty continues, the PSX crash could deepen in the coming days.
Investors are closely watching the market’s next move.
