PSX Falls 509 Points Amid Selling Pressure; Oil Rises on Mideast Tensions

The KSE-100 Index surrendered early gains, closing down 509 points as banks and cement stocks led losses across the board. This market downturn occurred as crude oil prices climbed significantly, driven by renewed hostilities between the US and Iran, intensifying geopolitical risk. Such developments could increase inflationary pressures globally and domestically, potentially supporting gold as a safe haven and impacting the USD/PKR exchange rate.

بحوالہ / Source: tribune.com.pk