KARACHI (Lord Media): The escalating tensions between the United States and Iran have significantly impacted the Pakistan Stock Exchange (PSX), leading to a 3.6% drop in the PSX 100 Index.
For the second consecutive day, negative trading persisted in the Pakistan Stock Exchange, with the 100 Index falling by 6,535 points, closing at 173,391 points.
Due to the US-Iran tensions, global oil prices have surged, with Brent crude reaching 86.90 U.S. dollars per barrel.
The tension also caused negative trading trends in Dubai, and similar situations were observed in stock markets across Gulf countries.
Experts indicate that the increasing US-Iran tensions and the situation in the Strait of Hormuz have created uncertainty among investors, potentially affecting Gulf financial markets and the global economy.
Analysts suggest that in the coming days, investors will closely monitor developments in the US, Iran, and the Gulf region, which will determine future market trends.
