KARACHI:

Heightened tensions along the Pakistan-Afghanistan border over the weekend sent shockwaves through the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index nosedived over 4,500 points amid fears of regional instability.

Investor sentiment took a sharp hit with the index swinging between the intra-day high of 161,988 points and low of 157,678 points. At close, the index settled at 158,443.42, registering a plunge of 4,654.77 points, or 2.85%.

The market rout followed reports of deadly overnight clashes along the Pak-Afghan border, where 23 Pakistani soldiers were martyred and over 200 Afghan Taliban fighters and militants were killed.

The escalation comes at a time when the PSX was already showing signs of strain, with investors unnerved by uncertainty surroun

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