PSX tumbles over 2,400 points on back of uncertainty over US-Iran talks

The Pakistan Stock Exchange (PSX) benchmark KSE-100 index tumbled by over 2,400 points on Friday, breaking its four-day bullish spree. Falling oil prices following the signing of the ‘Islamabad MoU’ between the United States and Iran had fueled optimism, triggering buying interest across multiple sectors. As a result, the KSE-100 index had maintained its recovery for the fourth straight session on Thursday. On Friday, initial positive momentum pushed KSE-100 to an intraday high of 182,185.87 poi...