Amid tensions between the US and Iran, the PSX falls below 166,000 points.

Tuesday’s losses on the Pakistan Stock Exchange (PSX) continued as selling pressure increased due to escalating US-Iranian tensions.

In comparison to the previous close of 167,691.08 points, the KSE-100 index lost 2,136.94 points during intraday trade, falling to 165,554.14 points.

As traders evaluated geopolitical risks ahead of another round of U.S.-Iran nuclear talks, oil prices increased on Tuesday, approaching seven-month highs. Meanwhile, uncertainty surrounding U.S. trade policy exacerbated already existing worries.

By 04:24 GMT, U.S. crude futures increased 57 cents, or 0.9%, to $66.88 a barrel, while Brent crude prices increased 59 cents, or 0.8%, to $72.08 a barrel.

Prior to this, the benchmark KSE-100 saw a bearish trend on Monday, closing at 167,691.08 points, down 5,478.63 points, or 3.16 percent, from 173,169.71 points the day before, according to PSX data.

In contrast to 537,645,825 shares worth Rs 23.790 billion in the previous session, the ready market saw 461,264,025 shares moved during the session, with a transaction value of Rs 24.935 billion. The market capitalization dropped from Rs 19.602 trillion to Rs 18.971 trillion the previous day.

Of the 479 enterprises that were engaged in the ready market, 42 saw an increase, 389 had a decrease, and 48 stayed the same.