Pakistan’s benchmark KSE-100 index on the Pakistan Stock Exchange (PSX) sees multiple swings in response to developments around the US and Iran, with early losses on some days followed by sharp recoveries and intermittent consolidation. In the latest red sessions, the index falls on geopolitical uncertainty and energy-price pressures tied to heightened tensions in the Strait of Hormuz.

Reporting highlights that rising global oil prices coincide with declines. Dawn says the KSE-100 drops more than 3,000 points in early trade as oil rises nearly 3%—linked to the US reimposing a naval blockade of Iran and increased attacks in the Strait of Hormuz. Express Tribune similarly attributes market weakness to US-Iran tensions, noting that sectors such as oil and cement lead the decline in at least one down session.

Other reports point to brief improvements when sentiment stabilizes. Dawn describes a “strong recovery” on Thursday, when the index climbs around 2,800 points as concerns over geopolitical tensions ease, US-Iran talk hopes emerge from Trump remarks, and investors return to blue-chip buying. Express Tribune also reports a rally extending on renewed risk appetite, while another Express Tribune item notes late buying lifts the index into positive territory amid ongoing geopolitical jitters. One Express Tribune report adds that credit-rating news from Moody’s supports the market during a range-bound session.