Pakistan’s stock market tumbles! KSE-100 tanks over 3800 points after record gains; doubts on US-Iran ceasefire holding weigh

Pakistan’s stock market experienced a sharp decline as Middle East tensions resurfaced, erasing significant gains from the previous day. Hopes for a diplomatic breakthrough between the US and Iran, which had briefly boosted investor confidence, quickly faded following continued Israeli operations and accusations of ceasefire violations. The Strait of Hormuz remains a point of contention, keeping markets on edge.