On Thursday, the Pakistan Stock Exchange (PSX) experienced a significant downturn, with its benchmark KSE-100 index plunging by 3,500 points (2.25%) to close at 152,011.26 points. This decline followed a press conference by U.S. President Donald Trump, who indicated that U.S. military operations in Iran would continue for another two to three weeks, dampening hopes for a swift resolution to the conflict. The index had previously shown bullish momentum but reversed course as global markets reacted negatively to Trump's remarks. Escalating geopolitical tensions and rising oil prices contributed to a risk-off sentiment among investors. Total traded volume on the PSX reached 352 million shares, with a turnover of Rs19.5 billion. The impact of Trump's address was felt globally, with major stock markets in Seoul, Tokyo, and London also experiencing declines, while Brent crude oil prices surged nearly 7% to $108.15 per barrel, reflecting increased market volatility.