Dubai's main stock index dropped 1.4% to a five-week low on Friday, driven by declines in financial and real estate shares, as escalating US-Iran tensions heightened investor caution. The US struck bridges and an airport, with Tehran retaliating against US bases, raising fears of broader conflict and disruptions in the Strait of Hormuz. Amid the geopolitical uncertainty, crude oil prices surged 2% to $85.87 a barrel. This geopolitical instability and rising oil prices could support international gold rates, potentially influencing local gold and currency markets in Pakistan.
بحوالہ / Source: www.brecorder.com