PSX Crash deepened on Tuesday as the Pakistan Stock Exchange remained under heavy selling pressure for a second straight session. The benchmark KSE-100 Index dropped more than 5,000 points during early trading as escalating tensions in the Middle East unsettled investors.
Usama Khan Actor says Pakistan is not ready for global streaming platforms
The KSE-100 Index fell 5,312 points to 174,615. It closed at 179,927.04 in the previous session, extending Monday’s steep losses.
Investors continued to sell shares after global oil prices surged. The rally followed the United States’ decision to reinstate a naval blockade of Iran, raising fears of further disruption in the Strait of Hormuz.
The renewed conflict increased concerns over global energy supplies. It also weakened investor confidence in regional financial markets.
Brent crude rose to $84.80 a barrel. Meanwhile, US West Texas Intermediate (WTI) climbed to $79.84 a barrel. Both benchmarks reached their highest levels in nearly four weeks.
Analysts said higher oil prices and geopolitical uncertainty could keep markets volatile in the coming days.
