Persistent geopolitical tensions, specifically between the US and Iran, led to a 3% surge in international oil prices and significant volatility on the Pakistan Stock Exchange (PSX). The benchmark KSE-100 index, after opening sharply lower, recovered due to late value-hunting in banking and refinery stocks, closing with a meagre 0.07% gain at 175,927.74 points. Investor sentiment remains cautious, with market activity rising to 675.9 million shares. Rising global oil prices could fuel imported inflation in Pakistan, potentially impacting the USD/PKR rate and making gold a more attractive inflation hedge.
بحوالہ / Source: www.dawn.com