The Pakistan Stock Exchange (PSX) benchmark KSE-100 index plummeted by over 4,864 points during intraday trade on Wednesday, dropping 2.61% to 181,391.19 from the previous close of 186,255.55.

The sharp decline followed US President Donald Trump's announcement that the ceasefire with Iran was 'over,' reigniting fears of Middle East instability.Market participants cited Trump's comments and recent US airstrikes on Iran as key factors undermining investor confidence.The KSE-100 hit an intraday low of 179,504.34, reflecting heightened geopolitical risks.Analysts noted the downturn followed a five-day bullish streak, with investors locking in profits after the index surpassed 187,000 points.Regional market weakness and concerns over oil supply disruptions further pressured sentiment.The decline underscores how global political developments directly impact Pakistan's financial markets.