PSX falls as oil prices, geopolitical tensions wei...

Summary

• Pakistan Stock Exchange (PSX) lost its early gains on Thursday as higher oil prices, inflation concerns and uncertainty over US-Iran diplomatic efforts kept investors cautious.
• AKD Securities analyst Muhammad Awais Ashraf said easing inflation, a stronger external account and reduced domestic political uncertainty could support investor confidence.
• JS Global analyst Nawaz Ali said geopolitical tensions and rising crude prices had weakened sentiment, while domestic political uncertainty also encouraged investors to remain on the sidelines.

AI Generated Summary

Pakistan Stock Exchange (PSX) lost its early gains on Thursday as higher oil prices, inflation concerns and uncertainty over US-Iran diplomatic efforts kept investors cautious.

The benchmark KSE-100 Index dropped 1,332.47 points, or 0.78%, to close at 168,636.85. The index moved between an intraday high of 170,688.38 and a low of 168,567.79.