Dawn·4 min read·hard
PSX loses 2,321 points on geopolitical fears
M
Muhammad Kashif
✦AI Summary
The Pakistan Stock Exchange (PSX) experienced a significant decline of over 2,300 points due to investor anxiety over Middle East geopolitical tensions and rising oil prices. Market sentiment was further dampened by profit-taking and concerns regarding energy supply disruptions.
The surge in oil prices amid growing uncertainty in the Middle East reignited fears of supply disruptions, which could increase inflationary pressures, especially in countries heavily dependent on energy imports through the Strait of Hormuz, including Pakistan.
businesseconomyworld
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