3pc<\/a> as mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea disrupted maritime trade. Oil major BP said it had temporarily paused all transits through the body of water.<\/p>\n\u201cThis poses a significant challenge for countries like Pakistan, which heavily rely on oil imports,\u201d Rizvi said.<\/p>\n
He further anticipated that the market would \u201cundergo a corrective phase until the end of December, with a crucial support level at 64,500\u201d. Rizvi advised investors to \u201cexercise caution at these levels\u201d.<\/p>\n\n
More to follow<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"The Pakistan Stock Exchange (PSX) witnessed accelerated selling pressure for the second consecutive day on Tuesday as the benchmark index opened in the red. According to the PSX website, the bourse stayed flat for 10 minutes after the opening bell. 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