PSX Slips Over 450 Points Amid Rising Crude Prices, Profit-Taking

The KSE-100 index experienced a significant decline of over 450 points by midday, driven by widespread selling across key sectors. This downturn was primarily attributed to profit-taking activities and growing concerns over rising international crude oil prices. Higher oil prices typically increase Pakistan's import bill, potentially straining the current account and putting pressure on the Pakistani Rupee, which could in turn influence local gold rates.

بحوالہ / Source: tribune.com.pk