KARACHI: The Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week as escalating tensions in the Middle East unsettled investors and fuelled concerns over the global economic outlook, particularly for oil-importing countries dependent on supplies through the Strait of Hormuz.
The benchmark KSE-100 index fell 3.5 per cent, or 6,439 points, week-on-week to close at 175,803, as investors reduced exposure amid heightened geopolitical uncertainty.
According to Arif Habib Ltd (AHL), fears of a wider conflict between the US and Iran kept international crude oil prices elevated, dampening investor sentiment.
The market suffered steep losses at the start of the week, plunging 2,315 points on Monday and another 6,408 points on Tuesday. Sentiment briefly improved after US President Donald Trump withdrew a proposed 20pc transit fee on vessels passing through the Strait of Hormuz, but renewed geopolitical concerns erased the recovery later in the week.
KSE-100 index tumbled to 175,803 on nervous selling amid economic uncertainty
