Pakistan Stock Exchange recovers in aftermath of US-Iran tensions

The Pakistan Stock Exchange was on its way to a recovery on Thursday after two days of equity loss due to tensions in the region. The benchmark KSE-100 had lost over 1,000 points in the aftermath of the Iranian general Qasem Soleimani assassination. Since Trump gave the impression that he did not want war, the panic has somewhat vanished and people are returning to the equity market, according to senior equity analyst Raza Jafri.

The KSE-100 was at 42,283 points in the early hours of trade on Thursday, a level it reached after 15 months before losing the grip to regional conflicts. It closed at 41,357 on Wednesday.

Source: Samaa