$PSX.US
PSX/KSE-100: Bearish today. The index closed around 177,955, down about 2,547 points (-1.41%). Selling was broad across banks, oil & gas, fertilisers, cement and other sectors.
Main reason: renewed geopolitical uncertainty and higher oil prices are hurting investor sentiment.
$GOLD.US # around Rs461,936 per tola for 24K according to rates.
Global gold: roughly $4,397/oz, slightly lower today as oil and US Treasury yields rose.
Trading view: Today is a high-risk/volatile market, so I would avoid chasing a falling stock. If you're already holding good-quality PSX shares, wait for stabilization rather than panic selling. For a new trade, look for confirmation that selling pressure is easing
#PSXBreakthrough #GOLD_UPDATE
PSX/KSE-100: Bearish today. The index closed around 177,955, down about 2,547 points (-1.41%). Selling was broad across banks, oil & gas, fertilisers, cement and other sectors.
Main reason: renewed geopolitical uncertainty and higher oil prices are hurting investor sentiment.
$GOLD.US # around Rs461,936 per tola for 24K according to rates.
Global gold: roughly $4,397/oz, slightly lower today as oil and US Treasury yields rose.
Trading view: Today is a high-risk/volatile market, so I would avoid chasing a falling stock. If you're already holding good-quality PSX shares, wait for stabilization rather than panic selling. For a new trade, look for confirmation that selling pressure is easing
#PSXBreakthrough #GOLD_UPDATE
