KARACHI:

Pakistan Stock Exchange (PSX) began the week on a strong footing, with the benchmark KSE-100 index surging sharply in early trade to close 954.77 points up, settling at 163,948.94.

At 9:34am, the index climbed to 166,269.56, registering a gain of 3,275.56 points or 2.01%, as investor sentiment strengthened on expectations of a potential peace agreement between the United States and Iran.

Optimism was further supported by hopes of stable global oil prices, encouraging broad-based buying.

Also Read: Oil up as US-Iran deal remains elusive

 

By 2:17pm, the market maintained its upward momentum, with the index hovering around 166,006.32, still up 3,012.15 points, reflecting sustained investor confidence throughout the session.

The market opened strong and remained in positive territory, with total traded volume reaching 243,712,274 shares and an overall market value of 18,587,849,461.

The previous close stood at 162,994.17, reflecting a significant improvement in market activity and investor participation throughout the day until the filing of this report.