{"id":40948,"date":"2026-02-19T12:04:26","date_gmt":"2026-02-19T12:04:26","guid":{"rendered":"https:\/\/ipp-news.com\/?p=40948"},"modified":"2026-02-19T12:04:26","modified_gmt":"2026-02-19T12:04:26","slug":"psx-in-freefall-plunges-over-6680-points-on-us-iran-fears","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=40948","title":{"rendered":"PSX in freefall, plunges over 6,680 points on US-Iran fears"},"content":{"rendered":"<div>The Pakistan Stock Exchange (PSX) experienced a sharp reversal on Thursday, as the benchmark KSE-100 Index plummeted over 6,680 points, or approximately 4%.<\/p>\n<p>The PSX came under intense selling pressure today, with the KSE-100 Index plunging 6,683 points (-3.74%) to close at 172,170. The sharp decline erased the gains from the previous session\u2019s rebound and reinforced the fragile undertone prevailing in the market.<\/p>\n<p>&#8220;Investor sentiment deteriorated markedly amid escalating geopolitical tensions between the United States and Iran, as renewed hostilities heightened global uncertainty,&#8221; said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.\u00a0<\/p>\n<p>International oil prices have surged over 6% in the past two days, a development particularly negative for Pakistan given its status as a net oil-importing economy. The spike in crude prices amplified macroeconomic concerns, adding further strain to already weak market confidence.<\/p>\n<p>On the corporate front, FABL reported CY25 earnings of Rs22.5bn (EPS: PKR 14.80), reflecting a 6% YoY decline. Quarterly earnings stood at PKR 6.5bn, up 83% YoY and 17% QoQ. The bank announced a cash dividend of Rs2 per share, bringing the total CY25 payout to Rs6.5 per share.<\/p>\n<p>FFC, ENGROH, UBL, OGDC, PPL, MEBL, LUCK, MCB, HUBC, and SYS bore the brunt of likely institutional selling, collectively dragging the index down by 3,037 points.<\/p>\n<p>Despite the pronounced correction, trading activity remained relatively active, with volumes of 539.9 million shares and turnover of Rs27.3 billion. WTL led the volumes chart with 84.1 million shares traded.<\/p>\n<p>KSE100 index could not save 173k level today amid persistent selling pressure, signaling further weakening in near-term sentiment.<\/p>\n<p>Looking ahead, the 172\u2013170k range is expected to act as a critical support zone, while 180k has now emerged as the immediate resistance level for any meaningful recovery attempt.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange (PSX) experienced a sharp reversal on Thursday, as the benchmark KSE-100 Index plummeted over 6,680 points, or approximately 4%. The PSX came under intense selling pressure today, with the KSE-100 Index plunging 6,683 points (-3.74%) to close at 172,170. The sharp decline erased the gains from the previous session\u2019s rebound and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-40948","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/40948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40948"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/40948\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}