PSX Dips 3,630 Points on Oil Surge, Gulf War

PSX dips 3,630 points on oil surge, Gulf war

The Pakistan Stock Exchange (PSX) remained volatile during the outgoing week, with the KSE-100 index closing at 153,866 points, down 3,630 points, or 2.3% week-on-week, as surging global oil prices and escalating US-Iran tensions rattled investor confidence. On a day-on-day basis, the PSX commenced the week with a sharp sell-off on Monday as the benchmark KSE-100 index plunged 11,016 points (-6.99%) to close at 146,480, marking the second-larges…

PSX witness ‘bloodbath’ this week as tensions erase Rs.369bn in market value

KARACHI: The Pakistan Stock Exchange this week endured a harrowing wave of tradings as the KSE-100 index succumbed to a relentless “bloodbath” triggered by a sharp escalation in Middle East hostilities. The benchmark index closed the business week at 153,866 points, marking a significant decline of 3,629 points over the five-day period and representing its seventh consecutive weekly loss. This streak of losses has left investors reeling and anal…