KARACHI (Dunya News) – The Pakistan Stock Exchanged (PSX) opened on a positive note on Thursday amid growing hopes for a peace deal between the US and Iran.
During the early session, the KSE-100 index gained 1,150 points to climb to 169,670.25, marking a 0.68% increase from the previous close of 168,519.94.
During the session, the index reached a high of 170,899.16 and a low of 169,517.49, with a total traded volume of 81,098,424 shares.
The upward movement reflects investor optimism as trading continues, with market participants keeping a close watch on the regional developments.
Meanwhile, oil prices fell in early trade on Thursday as hopes for easing U.S.-Iran tensions, following reports that Iran could allow ships to pass through around the Strait of Hormuz, outweighed concerns over ongoing supply disruptions.
Brent crude futures dropped 44 cents, or 0.5%, to $94.49 a barrel at 0021 GMT. U.S. West Texas Intermediate crude futures was down 70 cents, or 0.8%, at $90.59 a barrel.