Pakistan, June 8 -- The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Monday as escalating tensions in the Middle East and a sharp rise in global oil prices dampened investor sentiment and raised concerns about Pakistan's economic outlook.

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The benchmark KSE-100 Index fell more than 1% during intraday trading, touching a low of 168,432.45 points, down 2,046.49 points from the previous close of 170,478.94. The index also hit an intraday high of 169,360.54 before extending losses as selling intensified across key sectors.

Market analysts attributed the decline to renewed conflict involving Iran and Israel, which has driven oil prices sharply higher and increas...