Pakistan, June 19 -- The Pakistan Stock Exchange suffered a sharp selloff on Friday as the benchmark KSE-100 Index plunged more than 2,800 points during midday trading. The index lost 2,858.75 points, or 1.58%, to fall to 178,539.46 before trading was suspended. The decline erased recent gains and reflected growing caution among investors amid global and domestic uncertainties.

The market began the session on a positive note and extended the momentum from Thursday's rally. The KSE-100 Index climbed to an intraday high of 182,185.87 after gaining around 887 points in the previous session. However, sentiment quickly reversed as selling pressure intensified across key sectors.

As the session progressed, the benchmark index dropped to an in...