PSX slides 2,541 points as oil dents interest
Pakistan Stock Exchange (PSX) began the week on a sharply negative note on Monday as escalating Middle East tensions and concerns over oil supply triggered a broad-based sell-off, wiping out more than 2,500 points from the benchmark KSE-100 index by the close. The plunge came as crude prices surged, raising fears about the impact of higher energy costs on oil-dependent economies and corporate profits. The KSE-100 fell 2,541.20 points, or 1.49%, to settle at 167,970.66. It remained under pressure throughout the session, hitting the intra-day low of 167,441.64. The day's high was 170,437.73.