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PSX: Stock surge over 400 points as markets eye Iran, US truce
Buying interest was observed at the Pakistan Stock Exchange (PSX) as markets weighed the possibility of a truce between the US and Iran, with the benchmark KSE-100 Index gaining over 400 points during the opening minutes of trading on Friday. At 9:53am, the benchmark index hovered at 170,937.36, up 438.42 points or 0.26%. Key sectors saw buying, including automobile assemblers, cement, commercial banks, oil and gas exploration and power generation. Index-heavy stocks, including AMRI, OGDC, POL, PPL, HBL, MCB, MEBL and UBL, traded in the green. In a key development, Saudi Arabia, Turkiye and Pa...
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