Summary Pakistan Stock Exchange opens lower as KSE-100 falls 1.82% to 162,799 amid rising global oil prices, with trading volume at 53.6M shares and session high of 164,357
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) opened lower on Thursday amid rising global oil prices.
The KSE-100 index declined 3,024.82 points, or 1.82%, to 162,799.05. Trading saw a high of 164,357.47 and a low of 162,337.00 during the session, with a total volume of 53,661,805 shares.
The previous close stood at 165,823.87, reflecting a significant downward movement at the start of trading.
Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked.
Brent crude futures for June rose $1.91, or 1.62%, to $119.94 a barrel as of 0057 GMT after gaining 6.1% in the previous session. The June contract, which has increased for a ninth day, expires on Thursday and the more active July contract was at $111.38, up 94 cents, or 0.85%, after gaining 5.8% in the previous session.
U.S. West Texas Intermediate futures for June were up 63 cents, or 0.59%, at $107.51 a barrel, after climbing 7% in the previous session, climbing in eight of nine sessions.
