- By Aditya Pratap Singh
- Mon, 13 Apr 2026 05:40 PM (IST)
- Source:JND
Pakistan Stock Market: Post the Iran-US peace talks failed, the stock market of Pakistan, the mediator of the talks, tanked over 6,400 points on Monday. The KSE 100 index settled the session at 160,726.89, down 6,464.48 or 3.87 per cent.
Earlier, after 21-hour-long negotiations, the US and Iran did not reach a consensus to end the over a month-long war and opening up of the Strait of Hormuz, a vital route for energy supply from Gulf countries. Following the development, the crude prices went up over $100 per barrel again, prompting a fresh economic crisis in Pakistan.
Trump Announces To Block the Strait of Hormuz
In a sign of worsening tensions, US President Donald Trump announced a blockade of shipping in and out of Iranian ports through the Strait of Hormuz, sparking panic selling among investors.
Trump said the US Navy would “immediately” impose a blockade to prevent ships from entering or leaving the Strait of Hormuz, following the failure of US-Iranian peace talks in Pakistan.
International Market
The majority of Asian markets, including South Korea's benchmark Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index, ended the day in negative territory. On the other hand, Shanghai's SSE Composite index closed higher. Meanwhile, European markets were trading in negative territory.
Indian Stock Market
The domestic equity indices settled in negative territory. BSE Sesnex closed at 76,847.57, down 702.68 points or 0.91 per cent. Nifty50 settled at 23,842.65, down 207.95 points or 0.86 per cent.