The Pakistan Stock Exchange’s (PSX) benchmark index lost more than 6,400 points on Tuesday as equities experienced a massive meltdown amid renewed fighting between the United States and Iran. The KSE-100 index opened in the red and had lost 3,464.89 points at 10am, dropping to 176,462.15 points from the previous close of 179,927.04. During the day, the market witnessed minor fluctuations, followed by a steep decline after 2:30pm. Finally, the index closed at 173,518.81 points, down 6,408.23 points (3.56 per cent) from the previous close. The decline came as global oil prices rose to their highest in four weeks on Tuesday, as the US reimposed its naval blockade of Iran while the two countries stepped up attacks in the…

Source: Dawn – Latest News

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