Pakistan Stock Exchange drops amid oil price concerns and geopolitical tensions
Dawn emphasized the magnitude of the stock market plunge and linked it to fears of inflationary pressures due to energy supply concerns. The Express Tribune focused on the index's decline in relation to crude oil prices and US-Iran tensions, providing specific point figures.
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83%
PSX remains weak on crude oil, geopolitics
KSE-100 index drops 718 points, influenced by US-Iran tensions
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82%
PSX plunges 2,690 points amid oil upsurge
KARACHI: Panic-stricken investors continued to unload their positions as the Gulf war kept fuelling apprehensions about the energy supply scenario, stoking fears of an upsurge in inflationary pressures, especially in Pakistan, which is reliant on imports via the Strait of Hormuz. Consequently, the Pakistan Stock Exchange (PSX) on Thursday extended the bearish trend, dragging the benchmark KSE-1...
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