PSX 100 index loses 1,450 points, reaches at 43,100 points

KARACHI (92 News) - 100 index of Pakistan Stock Market suffered a severe decline of 1,450 points, reaching 43,100 points.

According to a report, the market faced a decline of 3.24 percent during the trading.

Owing to a hefty increase in crude oil in the international market, the Pakistan market is facing negative trend. As a result, the crude oil reached 10-year high. A 3.24 percent decline has been witnessed in the market.

Reuters Adds:

Gold prices hit $2,000 for the first time in 1-1/2 years, with investors rushing to the safe-haven metal as the Russia-Ukraine crisis worsens, while supply disruption fears sent palladium to an all-time high on Monday.

Spot gold was up 1.1% at $1,990.20 per ounce by 07:51 GMT, after scaling its highest since Aug. 19, 2020 at $2,000.69 earlier in the session. US gold futures rose 1.4% to $1,993.30.