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PSX down over 400 points amid US-Iran uncertainty, oil surge

Profit-taking reverses early gains as Brent crude jumps more than 3%Cautious sentiment engulfed the Pakistan Stock Exchange (PSX) on Monday, pulling the KSE-100 Index down 404.24 points, or 0.24%, to 170,360.98 by 12:38pm as uncertainty over a United States-Iran diplomatic breakthrough weighed on risk…

PUBLISHED BY22Media News DeskIndependent newsroom
PublishedSep 28, 2026 Reading time1 min read Views14
PSX down over 400 points amid US-Iran uncertainty, oil surge
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Profit-taking reverses early gains as Brent crude jumps more than 3%Cautious sentiment engulfed the Pakistan Stock Exchange (PSX) on Monday, pulling the KSE-100 Index down 404.24 points, or 0.24%, to 170,360.98 by 12:38pm as uncertainty over a United States-Iran diplomatic breakthrough weighed on risk…

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1 min read

However, profit-taking soon erased the early gains, with the market turning volatile and moving lower.The pressure came as Brent crude prices rebounded more than 3% in Asian trading after US President Donald Trump rejected an Iranian proposal aimed at resolving the conflict and reopening the Strait of Hormuz, keeping tensions in the Middle East elevated.The KSE-100 opened higher and climbed to an intraday high of 171,126.52 before reversing course.

It fell to a low of 170,120.49 during the session, while 53.14 million shares changed hands with traded value reaching Rs4.02 billion.

PSX down over 400 points amid US-Iran uncertainty, oil surge Updated 2 minutes ago.

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