Global Stock Exchanges - Pakistan stocks retreat on global tensions.

Byline: S. Kamal Hayder Kazmi

After a phenomenal rally in the preceding session, the KSE-100 Index finished the last trading day of the week on a negative note amid global equity sell off following uncertainty over outcome of US Iran conflict.

The Index shot up from the moment trading began; however, the momentum could not be sustained as cautious trading dragged the index lower. Investor concerns emanated over political noise and high inflation data. Moreover, the constant foreign outflow in the past few days also dented sentiments. On the international front, oil chain reacted to the jump in global oil prices which went up on the news of US attack on Iranian military commander.

At close, the benchmark KSE...