Oil Volatility & Geopolitical Tensions Weigh on KSE-100, Brent Nears $91

Oil Volatility & Geopolitical Tensions Weigh on KSE-100, Brent Nears $91

The KSE-100 index closed with only marginal gains, up 0.12%, after an early rally was eroded by profit-taking. Investor sentiment remained cautious due to persistent geopolitical tensions and uncertainty in global energy markets. Brent crude futures rose 1.8% to $90.84 a barrel following renewed hostilities and threats of a naval blockade in the Gulf. This sustained volatility in global oil prices and ongoing regional instability could bolster gold's safe-haven demand and potentially influence the USD/PKR exchange rate in Pakistan.

بحوالہ / Source: www.dawn.com