AIRLINK 74.50 Decreased By ▼ -2.48 (-3.22%)
BOP 4.73 Decreased By ▼ -0.14 (-2.87%)
CNERGY 4.14 Decreased By ▼ -0.08 (-1.9%)
DFML 39.35 Decreased By ▼ -2.44 (-5.84%)
DGKC 84.90 Increased By ▲ 0.17 (0.2%)
FCCL 21.90 Decreased By ▼ -0.49 (-2.19%)
FFBL 30.21 Decreased By ▼ -1.24 (-3.94%)
FFL 9.25 Decreased By ▼ -0.10 (-1.07%)
GGL 10.40 Increased By ▲ 0.24 (2.36%)
HASCOL 6.33 Decreased By ▼ -0.08 (-1.25%)
HBL 108.25 Decreased By ▼ -0.35 (-0.32%)
HUBC 140.25 Decreased By ▼ -0.24 (-0.17%)
HUMNL 10.30 Decreased By ▼ -0.22 (-2.09%)
KEL 4.80 Decreased By ▼ -0.05 (-1.03%)
KOSM 4.42 Increased By ▲ 0.19 (4.49%)
MLCF 37.50 Decreased By ▼ -0.19 (-0.5%)
OGDC 124.64 Decreased By ▼ -2.00 (-1.58%)
PAEL 24.44 Decreased By ▼ -0.59 (-2.36%)
PIBTL 6.20 Decreased By ▼ -0.06 (-0.96%)
PPL 116.40 Increased By ▲ 0.11 (0.09%)
PRL 24.60 Decreased By ▼ -1.14 (-4.43%)
PTC 13.13 Decreased By ▼ -0.47 (-3.46%)
SEARL 55.99 Decreased By ▼ -0.60 (-1.06%)
SNGP 62.98 Decreased By ▼ -0.22 (-0.35%)
SSGC 9.87 Decreased By ▼ -0.11 (-1.1%)
TELE 7.99 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.93 Decreased By ▼ -0.21 (-2.07%)
TRG 64.50 Decreased By ▼ -1.52 (-2.3%)
UNITY 26.66 Decreased By ▼ -0.17 (-0.63%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
BR100 7,718 Decreased By -55.6 (-0.72%)
BR30 24,778 Decreased By -185.7 (-0.74%)
KSE100 73,863 Decreased By -356.5 (-0.48%)
KSE30 23,691 Decreased By -88.1 (-0.37%)

That the situation in the Middle East is profoundly tense is a fact. Anything could happen anytime in a region which is largely plagued by political unrest, civil war and other problems. It was on Tuesday that Saudi Arabia said armed drones struck two oil pumping stations in the kingdom in what it called a "cowardly" act of terrorism two days after four Saudi oil tankers were sabotaged off the coast of the United Arab Emirates. The attacks took place against a backdrop of US-Iranian tension following Washington's decision this month to try to cut Iran's oil exports to zero and to beef up its military presence in the Gulf in response to what it said were Iranian threats.
The situation underscores the need for great caution and prudence on the part of all key players, particularly the US, Iran and Saudi Arabia.

Copyright Business Recorder, 2019

Comments

Comments are closed.