PSX sheds 1,920.49 points amid Middle East tensions

The weakness was broad-based, with key sectors including automobile assemblers, cement, commercial banks and oil marketing companies coming under pressure. Investor sentiment remained fragile as Iran continued to resist US attacks, raising concerns that the conflict may persist and further disrupt regional stability and global markets.

Read:PSX drops 1,693 points on geopolitical worries. Meanwhile, tensions mounted further following reports that Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, with more than 70 people reportedly wounded. The development heightened fears that the Iran conflict could expand into a wider regional war.

The escalation has kept investors cautious, particularly amid concerns over its potential impact on oil prices, regional trade and Pakistan’s external account. At midday, trading activity remained active, with 128.64 million shares changing hands, while the traded value stood at approximately Rs7.94 billion.

The KSE-100 had closed at 173,636.07 in the previous session. With trading still underway, market direction is likely to remain sensitive to developments on the geopolitical front, particularly any fresh escalation involving Iran, the United States and other regional actors.