PSX Gains Evaporate on Oil Supply Risk Concerns, Profit-Taking

The KSE-100 index closed up 120 points, but early gains were erased as investors engaged in profit-taking. This cautious sentiment was primarily driven by emerging concerns over global oil supply risks, which typically signal potential price increases. Such developments could impact Pakistan's import bill and inflation, potentially influencing the Pakistani Rupee and gold's appeal as an inflation hedge.

بحوالہ / Source: tribune.com.pk