KSE-100 sheds nearly 1% as tensions flare between US and Iran

Selling pressure returned to the Pakistan Stock Exchange (PSX) after renewed hostilities broke out between the US and Iran, with the benchmark KSE-100 Index shedding over 1,600 points during the opening hours of trading on Friday. At 9:40am, the benchmark index was hovering at 171,278.69, down by 1,615.58 points or 0.93%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including MARI, OGDC, PPL, POL, FFC, MCB, MEBL and UBL, traded in the red.