KARACHI – Web Desk: The Pakistan Stock Exchange (PSX) remained under pressure on Thursday as the benchmark index declined amid escalating geopolitical tensions between Iran and the United States, according to market reports.
The KSE-100 index shed 566.75 points to reach 168,860.69 points, reflecting a change of 0.33% compared to the previous close of 169,427.44. A day earlier, the benchmark index had turned bearish, losing 903.12 points (0.53%) to close at 169,427.44.
During the session, the ready market recorded a trading volume of 791.64 million shares with a traded value of Rs 25.48 billion, compared to 767.45 million shares valuing Rs 27.18 billion in the previous session. Market capitalization declined to Rs 18.85 trillion from Rs 18.91 trillion a day earlier. Out of 488 active companies, 191 advanced, 258 declined, and 39 remained unchanged.
Meanwhile, Asian stocks turned lower after a tentative early rise, dragged by a Wall Street selloff sparked by a hot US inflation reading and renewed US strikes on Iran that drove oil prices higher. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1%, with Taiwanese shares sliding 1.5% and the Nikkei 225 down by the same magnitude. S&P 500 e-mini futures rallied from modest declines to trade up 0.2%.
