Karachi: (Lord Media) The Pakistan Stock Exchange experienced intense pressure on Thursday as geopolitical uncertainties caused the KSE-100 Index to drop over 6000 points. The index closed at 182,338 points, losing six thresholds from 188,000 to 183,000 points.
Experts cited poor results from FFC, tensions between the US and Iran, the super tax, no reduction in interest rates, and the rollover week as factors negatively impacting the stock market.
On Wednesday, the KSE-100 Index had closed with an increase of 177.53 points at 188,380.39 points. Despite mixed results in Asian stock markets and verbal support from US and European officials, the dollar remained unstable.
Gold and silver prices reached their highest levels globally, while oil prices soared to a four-month high following threats of potential attacks on Iran by US President Donald Trump.
Leave a Reply