PSX slides more than 1,330 points amid Saudi Arabia-Houthi conflict

The KSE-100 was down 1,335.01 points, or 0.81%, at 162,589.30 by Friday’s midday prayer break, according to PSX data cited by The Express Tribune. After opening near 163,869, the benchmark reached 163,966.86 before retreating to 162,407.61; it had ended the prior session at 163,924.31.

Losses spanned commercial banks, oil and gas exploration, power generation, cement, automobile assemblers and refineries. HUBC, PPL, POL, UBL and MCB were among the heavyweight shares trading lower, while regular-market activity reached 144,593 trades, 159.1 million shares and roughly Rs7.66 billion in value.

The report linked investor caution to intensified Saudi Arabia-Houthi fighting and Brent crude trading around $113-114, raising concerns about Pakistan’s import bill, external account and inflation. The KSE-100 was down 6.59% year to date, and the session was still underway at the time of reporting.