The Pakistan Stock Exchange (PSX) benchmark KSE-100 index dropped 1,704 points (0.97%) to 174,429.93 amid heightened geopolitical tensions and persistent concerns over rising global oil prices. Investors grew jittery due to looming energy turmoil and a deteriorating situation in the Middle East, prompting broad-based selling. The sustained rise in crude oil prices has also intensified worries about Pakistan’s external account and inflation outlook. This could lead to increased inflationary pressure in Pakistan, potentially impacting the local gold and USD/PKR rates.
بحوالہ / Source: www.dawn.com