The Pakistan Stock Exchange experienced a significant downturn amid escalating geopolitical tensions in the Middle East and persistent concerns over rising global crude oil prices. This market reaction was driven by investor jitters regarding potential energy turmoil and its impact on the global economy. The sustained increase in oil prices has specifically raised alarms about Pakistan's external account and inflation outlook. This could potentially lead to increased volatility in USD/PKR and local gold prices, as investors seek safe-haven assets or react to inflationary pressures.
بحوالہ / Source: www.dawn.com