KARACHI: Pakistan Stock Exchange (PSX) opened the new trading week under pressure following the announcement by the United States of a potential blockade on Iranian ports.
During early trading, the KSE-100 index dropped more than 5,000 points, reaching 161,659, down from last week’s closing level of 167,191.
The decline reflects investor concerns after US-Iran talks failed to produce a resolution, raising fears of increased geopolitical tensions.
Elsewhere in Asia, markets also showed negative trends. South Korea’s KOSPI index fell by 2.08%, while Japan’s Nikkei index lost around 1%. Hong Kong’s Hang Seng index declined by more than 1%, and China’s Shanghai Composite recorded a slight decrease.
Analysts note that continued uncertainty over U.S.-Iran relations could further impact regional markets and investor sentiment in the coming days.
