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Themes:🧠AI Chip Bottleneck 🛡US Defense Surge 🚢Red Sea Escalation ⚓Shipping Lane Fragmentation

2 results for "Karachi" · Economic+Political+Health+Military · Resolution

Page 1 of 1

MilitaryResolution🇮🇷Iran 🇵🇰Pakistan17d ago

KARACHI: The Pakistan Stock Exchange (PSX) ended lower on Friday, in line with a bearish trend across most Asian markets, snapping a four-session winning streak as investors resorted to panic selling ahead of the weekend amid renewed tensions in the Middle East and rising oil prices. According to Topline Securities, the market remained under pressure after overnight tensions between the US and Iran near the Strait of Hormuz fuelled concerns about the stability of the fragile ceasefire and prospects for a lasting peace agreement. The benchmark KSE-100 index fell 1.03 per cent, or 1,777 points, to close at 171,115.82.

5.1/10·DAWN Business

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EconomicResolution🇮🇷Iran 🇵🇰Pakistan20d ago

KARACHI: The Pakistan Stock Exchange (PSX) witnessed sharp volatility on Tuesday, but last-hour value-hunting helped the benchmark KSE-100 index close in the green for a second consecutive session. Market nervousness stemmed from a fragile US-Iran ceasefire following a day of clashes involving shipping in the Strait of Hormuz and missile strikes targeting the UAE. Topline Securities Ltd said the benchmark index saw a mixed and volatile session, touching an intraday low of 1,415 points and a high of 971 points, before settling at 164,742.47, up 793.53 points or 0.48 per cent), amid persistent uncertainty over US-Iran developments.

5.1/10·DAWN Business

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