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PSX tumbles over 1,700 points in intraday trade on back of uncertainty over US-Iran talks (opens original article in a new tab)

TL;DR

Pakistan Stock Exchange (PSX) benchmark KSE-100 index fell over 1,700 points during intraday trade amid uncertainty over US-Iran talks. The decline followed the postponement of planned US-Iran talks in Geneva, which had initially fueled market optimism after the Islamabad MoU signing.

  • PSX benchmark KSE-100 index fell over 1,700 points during intraday trade
  • US-Iran talks postponement in Geneva caused market decline
  • Oil prices dropped after Islamabad MoU signing, initially boosting market

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