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Oil surges, stocks fall as Trump says to blockade Strait of Hormuz
Equities fell across Asia, with Tokyo, Hong Kong and Seoul off at least 1%
Apr 13, 2026
Apr 13, 2026
Equities fell across Asia, with Tokyo, Hong Kong and Seoul off at least 1%
Inventory gains expected to lift profits sharply in FY26's third quarter
Sales growth, falling API costs and lower finance charges boost profits
Strong pipeline, dollar-linked revenues signal sustained growth
There are fears that the ceasefire could fall apart while crude remains stuck in Hormuz
The company is offering 50 million new shares alongside an offer for sale of 3.1 million existing shares
Analysts say market reaction reflects a shift from fear to optimism as investors reassess the risk of a broader regional conflict
The benchmark KSE-100 index gained over 12,000 points following the US, Iran ceasefire announcement
Fitch says impact will depend on conflict duration, with yields rising and outlooks turning negative
Trump’s remarks dampen hopes of quick resolution to crisis
GLAXO’s earnings jumped 53% year-on-year, driven by stronger sales and improved margins
Oil price spike and geopolitical risks dragged index into steep decline
Wall Street surges, with the Nasdaq up 3.8% and the S&P 500 adding almost 3%
Supply disruptions and high prices weigh on fertilizer demand
Adding to the dour mood are Donald Trump's remarks that he wanted to "take the oil in Iran"
While BYD initially entered Pakistan with imported Completely Built-Up (CBU) units, work on the local plant has been underway since early 2025
AGP stood out with a robust 40% year-on-year growth in earnings, coupled with an increase in its annual dividend to PKR 8.0
Both main crude contracts plunged more than 6% with Brent back below $100
Volatility persists even as lower valuations improve market appeal
Higher oil prices strain imports, but domestic producers stand to gain
