PSX Closing Bell: Deep Red

The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Tuesday, with the benchmark KSE-100 Index plunging 2,547 points as investor sentiment weakened amid renewed political uncertainty and rising oil prices. Market pressure intensified after the Supreme Court ordered Adiala jail authorities to transfer incarcerated Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan to Shifa International Hospital for medical assessment and treatment, adding to domestic political uncertainty. Meanwhile, oil prices climbed as hopes for a lasting end to the Iran-US conflict weakened, raising fresh concerns over crude supplies through key shipping routes and adding to broader risk-off sentiment. The benchmark KSE-100 Index concluded Tuesday's trading session at 177,955.50, showing a decrease of 2,546.94 points or 1.41%. The index traded in a range of 2,736.40 points, touching an intraday high of 180,602.44 (+100.00 points) and a low of 177,866.04 (-2,636.40 points).