uncertainty
KARACHI
The Pakistan Stock Exchange (PSX) extended its losing streak for a second consecutive session on Tuesday, with the benchmark KSE-100 index plunging 1,463.60 points, or 0.81%, amid a sharp rise in oil prices and fading hopes of a US-Iran deal that could reopen the Strait of Hormuz.
The selling pressure dragged the benchmark below the 180,000-point mark, with investors turning cautious as renewed uncertainty over oil supplies and regional tensions clouded the market outlook.
The benchmark briefly climbed to an intraday high of 181,017.29 before selling pressure intensified, pulling it down to a low of 179,778.99. The index ultimately settled at 179,846.68, slipping back below the key 180,000-point level.
