Pakistan Stock Exchange drops over 5,400 points amid market uncertainty

PSX CEO Farukh Sabzwari, speaking at a listing ceremony, says interest rate cuts and political uncertainty are key factors impacting market

KARACHI: (UrduPoint/UrduPoint / Pakistan Point News –Feb 23^rd, 2026) The pakistan stock exchange (PSX) experienced a sharp decline on Monday, with the KSE-100 index losing 5,478 points to close at 167,691, reflecting a 3.16 percent drop.

Trading opened on a negative note, with the benchmark index falling 633 points to 172,536.

Selling pressure intensified during the day, and the index fell further to 170,980 before closing at its lowest level. Intraday trading witnessed the index fluctuate between a high of 174,336 and a low of 166,886 points.

PSX CEO Farukh Sabzwari, speaking at a listing ceremony, said that interest rate cuts and political uncertainty are key factors impacting the market. He added that developments in Reko Diq and the financial results of various companies are also influencing market sentiment.

Sabzwari said that the global oil prices remain unpredictable due to the ongoing situation between Iran and the United States, adding further pressure on the local market.

The psx retreated from the record-high levels it reached in January.