Selling continues amid US-Iran tensions, KSE-100 down 2,200 points

Selling pressure continued unabated at the Pakistan Stock Exchange (PSX) amid escalating geopolitical tensions in the Middle East, with the benchmark KSE-100 Index shedding nearly 2,200 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 167,007.65, down by 2,165.72 points or 1.28%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, MARI, OGDC, PPL, FFC, UBL and HBL, traded in the red.