PSX Falls for Second Day as Middle East Fighting Pushes Oil Prices Higher

KSE-100 index falls as traders watch oil prices at the Pakistan Stock Exchange

Another red day in Karachi Selling pressure returned to the bourse on Friday. The benchmark KSE-100 index fell 1,335.01 points, or 0.81 percent, to 162,589.30, extending the previous day’s steep losses. The index opened near 163,869, touched a high of 163,966.86 early on, and then slid to an intraday low of 162,407.61 as sellers took … Read more

Following the US strike on Iran, oil prices surged, while Dow futures dropped over 300 points: Live updates

US strike on Iran

Stock futures took a hit early Monday after the US and Israel launched strikes on Iran over the weekend, pushing oil prices higher and adding fresh instability in the Middle East to the growing list of worries for equity investors. Feture tied to the Dow jones industrial average fell 375 point or 0.77%. S&p 500 … Read more