Thin gains at PSX as Pak-Iran tensions ease
A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. China has granted Pakistan a two-year rollover on a $2.4 billion loan, Islamabad said July 27, giving the debt-saddled nation breathing space in its balance-of-payments crisis. (Photo by Rizwan TABASSUM / AFP)
Shares at the Pakistan Stock Exchange (PSX) reversed trend on Friday as investors made significant buying initially but gave up most of the gains by the close of trading despite easing of border tensions between Pakistan and Iran.
As trading got underway in the morning, the KSE-100 index spiked in the initial hour as a sense of relief prevailed after diplomatic engagements between Pakistan and Iran over airspace violations.
Read more: https://tribune.com.pk/story/2453790/thin-gains-at-psx-as-pak-iran-tensions-ease
