Shafaqna Pakistan: The Pakistan Stock Exchange (PSX) began Monday’s trading session in negative territory as continued selling pressure weighed on investor sentiment amid heightened regional tensions.
The benchmark KSE-100 index fell 407.67 points, or 0.24%, to 170,357.55 points, compared with the previous close of 170,765.22.
During the initial hours of trading, the index moved between an intraday high of 171,126.52 and a low of 170,223.62.
Market data showed that a total of 36,325,052 shares had changed hands during the early trading session.
Meanwhile, share markets in Asian were mostly lower on Monday as oil prices popped higher again amid doubts the United States and Iran will reach a truce anytime soon, keeping bonds under pressure ahead of a week packed with economic news.
Over the weekend, US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, claiming Tehran was desperate to make a deal. Trump said talks would continue this week, though Iran shows no sign of watering down its proposals.
Brent futures rose 2.7% to $107.16 a barrel, bringing gains so far this month to almost 18%, while US crude futures added 1.9% to $94.16 a barrel.
Source: Dunya News
