PSX's KSE-100 Surpasses 2,800 Points in Intraday Trade
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 gained over 2,800 points during intraday trade on Monday as the US and Iran reached a preliminary agreement aimed towards ending a war that began over three months ago and crippled the world economy. The KSE-100 index rose by 2,836 points (1.65 per cent) from the previous close of 172,399 to reach 175,236 points at 11am . Last week, PSX remained in positive territory with the benchmark KSE-100 index crossing the 172,
The Pakistan Stock Exchange's KSE-100 index rose over 2,800 points during intraday trading on Monday. This increase followed a preliminary agreement between the US and Iran to end a conflict that had disrupted the global economy. The index climbed to 175,236 points, marking a 1.65% rise from the previous close. The market remained positive last week as investors reacted to reduced geopolitical tensions and lower oil prices. The federal budget was announced after market hours, leading to cautious trading. Topline Securities reported a 1.13% weekly gain for the KSE-100, ending at 172,400 points. The stock rally was driven by improved risk appetite and hopes for progress in US-Iran talks.
The stock market's performance reflects investor confidence in geopolitical stability and economic indicators.
📌 Kaynak
Bu özet Pakistan kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →