PSX dips 1,900 points during intraday trade as Middle East tensions weigh on investor sentiment

The Pakistan Stock Exchange’s benchmark KSE-100 index declined by about 1,900 points during intraday trading on Tuesday. The KSE-100 index dropped by 1,904.31 points, or 1.10 per cent, to stand at 171,731.76 points at 1:39pm from the previous close of 173,636.07. Awais Ashraf, director of research at AKD Securities, noted that the “prolongation of tensions” between the United States and Iran was weighing on investor sentiment. “Moreover, the increase in oil prices is also adding to the pressure,

Source: Dawn