ISLAMABAD, April 7 (Xinhua) -- The Pakistan Stock Exchange (PSX) experienced a historic downturn on Monday, with the benchmark KSE-100 Index plummeting over 8,000 points during intraday trading.
The KSE-100 Index dropped to an intraday low of 110,103.97 points, falling by 8,687.69 points or 7.31 percent, before staging a partial recovery.
At 3:13 p.m., the index stood at 114,827.27, down 3,964.39 or 3.34 percent from the last close.
This unprecedented drop prompted a one-hour trading halt from 11:58 a.m. to 12:58 p.m. local time in accordance with market regulations designed to curb excessive volatility.
Sana Tawfik, head of research at Arif Habib Limited -- Pakistan's largest security brokerage, told Xinhua this is the largest intraday decline in terms of points.
She said that the sharp downturn aligned with a global market meltdown, as investors reacted to economic uncertainties stemming from U.S. tariffs, especially their ripple effects across both the United States and Asian markets. ■
