PSX Plunges Amid Middle East Tensions

The Pakistan Stock Exchange (PSX) saw significant losses on Tuesday due to ongoing Middle East tensions, with the KSE-100 index plummeting by 1.11% or 1,920.49 points.

The selling pressure was broad-based, affecting key sectors such as automobile assemblers, cement, commercial banks, and oil marketing companies.

Investor sentiment remains fragile amid concerns that the conflict may persist, disrupting regional stability and global markets.

Tensions escalated further with reports of a Houthi attack on energy facilities in Saudi Arabia, heightening fears of a wider regional war and its potential impact on oil prices and Pakistan's external account.