PSX falls 2,320 points

Pakistan Stock Exchange (PSX) benchmark KSE-100 index closed at 175,802 points on Friday, down 2,320 points, as investors remained cautious amid escalating United States-Iran tension and ahead of the upcoming corporate earnings season.

PSX benchmark KSE100 index closed at 175,802 points, down 2,320 points on a day-on-day basis.

Investor sentiment remained subdued as escalating tensions between the US and Iran kept crude oil prices elevated, raising concerns over inflationary pressures and potential disruptions to global energy supplies.

With Friday's session prompting investors to trim positions ahead of the weekend, selling pressure remained broad-based throughout the day.

Trading activity softened, with KSE-100 volumes declining to 267 million shares from the previous session. Going forward, investors are expected to closely monitor developments in the Middle East, the direction of international oil prices, and the upcoming result season, all of which are likely to shape market sentiment in the near term.