Trump’s approval stuck at 33% as US political tensions rise
A Reuters/Ipsos poll shows President Trump’s approval at a three‑month low amid growing US‑Iran tensions and criticism of Republican economic policies, raising risk sentiment for oil‑linked stocks.
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Oil & Gas sector faces higher risk from rising oil prices and PKR volatility – Don't buy.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- Oil & GasNegatively affected
- BanksNegatively affected
- EconomyNegatively affected
- MarketsNegatively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas, Banks, Economy, Markets — Negative · Do not buy. PSX tickers: PSO, OGDC. Oil & Gas sector faces higher risk from rising oil prices and PKR volatility – Don't buy.
Full Story
Open on Business Recorder## US President’s Approval Rating Falls to 33%
A Reuters/Ipsos poll released on Monday recorded President Donald Trump’s approval rating at just 33 percent, the lowest level of his tenure. The poll attributes the dip to widespread dissatisfaction with the handling of the war in Iran and concerns over the Republican administration’s economic stewardship.
## Rising US‑Iran Tensions
The poll highlights that the conflict in Iran is a key factor eroding confidence in the US administration. Heightened geopolitical risk in the Gulf could tighten global oil supplies and push crude prices higher.
## Potential Market Implications for Pakistan
Higher crude prices typically benefit Pakistan’s oil‑and‑gas exporters but also increase import costs for the broader economy, putting pressure on the PKR and inflation. Investors are likely to reassess exposure to oil‑linked equities and sectors sensitive to currency movements.
## Outlook for PSX Listed Companies
Companies such as Pakistan State Oil (PSO) and Oil and Gas Development Company (OGDC) could see mixed effects: higher export‑linked earnings versus rising input costs and currency volatility. Banks and financial institutions may face tighter liquidity conditions if the rupee weakens further.
## Analyst View
Given the uncertainty, market participants are advised to monitor oil price trends and currency movements closely before adjusting positions in related sectors.