PSX Closing Bell: Red Ink Dominates

The Pakistan Stock Exchange (PSX) ended Wednesday's session sharply lower, with the benchmark KSE-100 Index shedding more than 4,600 points as heightened geopolitical tensions in the Middle East triggered broad-based selling, prompting investors to reduce exposure to risk assets. Market sentiment remained under pressure after oil prices climbed on renewed supply concerns, following fresh U.S. military strikes on Iran in response to attacks on commercial vessels transiting the Strait of Hormuz. The situation further escalated after U.S. President Donald Trump declared that the ceasefire agreement with Iran was no longer in effect, while Iran's Islamic Revolutionary Guard Corps claimed it had targeted U.S. military installations in Kuwait and Bahrain, deepening fears of a wider regional conflict.