Summary PSX opened lower, down 917 points as US-Iran peace hopes fade after Trump rejected Tehran’s response; rising oil and market uncertainty also weighed on investor sentiment
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) opened the week on a negative note, with investors reacting to fading hopes of a US-Iran peace agreement.
The benchmark index dropped 917.20 points, or 0.54%, to 170,198.62. During the session, the index touched a high of 170,304.20 and a low of 169,583.44, with a total trading volume of 28,647,560 shares valued at PKR 1.46 billion.
The decline comes after US President Donald Trump rejected Tehran’s response to a proposed peace deal, increasing market uncertainty.
The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.
US stock futures wobbled and in Asia gains in a handful of AI-related stocks lifted share markets in Seoul and mainland China.
President Trump on Sunday rejected Iran's response to a U.S. proposal for peace talks to end the war, saying Tehran's demands were "totally unacceptable."
