Pakistan stock exchange loses 1,132 points amid rising oil prices and doubts over US‑Iran Strait of Hormuz deal.
Pakistan’s main stock index, the KSE‑100, fell 1,132.60 points to 180,177.68 by 12.49 pm after an earlier 1,106.73‑point dip. The slide followed a more than 1 % rise in oil prices triggered by President Trump’s demand for compensation from Tehran, heightening doubts about a US‑Iran agreement that could reopen the Strait of Hormuz. Market activity remained robust with 218.25 million shares changing hands and a traded value of roughly Rs13.92 billion.
By AVI News News Desk1 min read
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Pakistan stock exchange loses 1,132 points amid rising oil prices and doubts over US‑Iran Strait of Hormuz deal.
The Pakistan Stock Exchange (PSX) saw its benchmark KSE‑100 Index decline by 1,132.60 points to 180,177.68 at 12:49 pm on Tuesday, after an earlier drop of 1,106.73 points. The index closed at 180,203.55 at 10:14 am before recovering some losses.
Oil prices rose more than 1 % after U.S. President Donald Trump demanded compensation from Tehran for damages. This development added to concerns that a US‑Iran deal to reopen the Strait of Hormuz may not materialise.
During the same trading session, roughly 218.25 million shares were traded, generating a total value of about Rs13.92 billion.
Pakistan depends heavily on imported oil, and continued tensions over the Strait of Hormuz could increase the country’s import bill and strain its external position.