PSX plunges over 6,000 points

The Pakistan Stock Exchange (PSX) witnessed a bloodbath sell-off after a recent period of buoyancy and closed on a decisively bearish note on Thursday, with heavy selling pressure dragging the benchmark KSE-100 index down by more than 6,000 points to 182,338. Investors were rattled by escalating tensions in the Middle East and disappointing corporate earnings, which combined to trigger panic-driven selling across the board. The steep decline was largely attributed to a negative reaction to Fauji Fertiliser Company Pakistan's (FFC PA) CY25 results, which fell short of market expectations and prompted broad-based selling in key index heavyweights. Market breadth remained decisively negative, with decliners overwhelmingly outnumbering advancers, reflecting fragile confidence and a clear risk-off stance.