Karachi May 8 2025: Trading at the Pakistan Stock Exchange (PSX) was temporarily suspended today after a sharp plunge in the market triggered an automatic market halt.
The KSE-30 index fell more than 5% from the previous trading day’s close, activating the halt as per PSX regulations. The broader KSE-100 index has also witnessed a significant decline, tumbling by 6,948.72 points or 6.32% in today’s session.
The sharp downturn came amid growing fears over escalating military tensions between Pakistan and India. Investor confidence was shaken after the Inter Services Public Relations (ISPR) confirmed an aggressive act by India. ISPR Director General Lt Gen Ahmed Sharif Chaudhry stated that India carried out “yet another blatant military act of aggression against Pakistan by sending Harop drones at multiple locations.”
He further said that the Pakistan armed forces, maintaining a “high state of alert and vigilance,” have successfully neutralised 12 Harop drones at various sites across the country.
As per the PSX notification, the market halt was triggered at 12:34:15 PM, following the sharp drop in the KSE-30 index. All outstanding orders were automatically cancelled by the system. According to the schedule provided, the market is set to enter the pre-open phase at 1:34:15 PM, with full trading expected to resume at 1:39:15 PM.
