PSX Opening Bell: Bears Strike First
The benchmark KSE-100 Index opened Wednesday's trading session on a weak note, standing at 183,759.73 as of 9:37am, down 2,495.82 points, or 1.34%, as investors turned risk-averse following renewed geopolitical tensions in the Middle East and a sharp rise in international oil prices. Market sentiment remained under pressure after oil prices advanced as the United States launched fresh military strikes on Iran in response to attacks on commercial vessels transiting the Strait of Hormuz, reviving fears of supply disruptions and escalating regional conflict.