Global crude oil prices have recorded a 3 percent increase, with WTI and Brent crude reaching around $98 per barrel, impacting financial markets worldwide.
The rise in oil prices has influenced global markets, where Asian stock markets showed a mixed trend, with some markets declining while others recorded gains.
The Pakistan Stock Exchange showed positive momentum, with the KSE-100 index rising to 166,518 points, which is being attributed to increased investor confidence.
Meanwhile, South Korea’s KOSPI index declined by 1.61 percent, while Japan’s Nikkei and Hong Kong’s Hang Seng index also recorded a drop of around 0.53 percent.
Indian stock markets also closed in negative territory, with key indices falling by more than 1.5 percent, reflecting ongoing uncertainty in the region.
